Question: A J used linear regression to help him understand his monthly

A.J. used linear regression to help him understand his monthly telephone bill. The line of best fit was yˆ =23.65 + 1.28x where x is the number of long-distance calls made during a month, and y is the total telephone cost for a month. In terms of number of long-distance calls and cost:
a. Explain the meaning of the y-intercept, 23.65.
b. Explain the meaning of the slope, 1.28.

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  • CreatedAugust 27, 2015
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