Question: The table lists the average monthly cost to workers for family health insurance for various years. a) Use a graphing calculator to fit a regression
The table lists the average monthly cost to workers for family health insurance for various years. a) Use a graphing calculator to fit a regression line to the data. b) Predict the average monthly cost to workers for family health insurance in 2018, and compare the value with $453, which is obtained using the points (1,333) and (4,378). c) Find the correlation coefficient for the regression line, and determine whether the line fits the data closely. Year, x Average Monthly Cost to Workers for Family Health Insurance 2009, 0 $ 292 2010, 1 333 2011, 2 342 2012, 3 360 2013, 4 378 2014, 5 402
Question content area bottom
Part 1
a) The linear equation of the regression line that best models the data is
y=enter your response herex+enter your response here.
(Round to the nearest hundredth as needed.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
