Asked by jeminia herring on Jul 17, 2024
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The relationship between the cost of a taxi ride (y) and the length of the ride (x) is analyzed.The mean length was 4.6 km with a standard deviation of 1.1.The mean cost was $8.70 with a standard deviation of 2.0.The correlation between the cost and the length was 0.81.
A) cost^\hat{\text { cost} } cost^ = 0.336 + 1.82 length
B) cost^\hat{\text { cost} } cost^ = 1.93 + 1.47 length
C) cost^\hat{\text { cost} } cost^ = -113 + 26.5 length
D) cost^\hat{\text { cost} } cost^ = 6.65 + 0.446 length
E) cost^\hat{\text { cost} } cost^ = -458 + 101 length
Taxi Ride
A transportation service where a passenger is transported via a taxi from one location to another for a fee.
Correlation
Correlation is a statistical measure that describes the extent to which two or more variables fluctuate together, indicating the strength and direction of their relationship.
Standard Deviation
Standard deviation measures the amount of variation or dispersion of a set of values from the mean, indicating how spread out the data points are.
- Understand the principles and applications of linear regression analysis.
- Interpret regression coefficients and their impact on the dependent variable.
Verified Answer
Learning Objectives
- Understand the principles and applications of linear regression analysis.
- Interpret regression coefficients and their impact on the dependent variable.
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