The table gives the number of songs purchased from My Tunes at different prices per song. a. Find the equation of the linear regression line. Round the slope and the y-intercept to the nearest hundredth. b. What is the slope of the linear regression line? c. What are the units of the slope when it is expressed as a rate?
Chapter 1, Application 1.5 #12
The table gives the number of songs purchased from My Tunes at different prices per song.
a. Find the equation of the linear regression line. Round the slope and the y-intercept to the nearest hundredth.
b. What is the slope of the linear regression line?
c. What are the units of the slope when it is expressed as a rate?
d. Based on the linear regression line, how many thousands of downloads would My Tunes expect if the price were changed to $0.45? Round to the nearest integer.
e. Is your answer to part d interpolation or extrapolation? Explain.
f. Find the correlation coefficient to the nearest hundredth.
g. Describe the correlation.
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
ISBN: 9781337271790