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.
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KG
Kylie GomezJul 20, 2024
Final Answer :
B
Explanation :
The correct choice can be determined using the formula for the slope ( bbb ) of the regression line: b=r(sysx)b = r(\frac{s_y}{s_x})b=r(sxsy) , where rrr is the correlation coefficient, sys_ysy is the standard deviation of the dependent variable (cost), and sxs_xsx is the standard deviation of the independent variable (length). The intercept ( aaa ) can be calculated using the formula a=yˉ−bxˉa = \bar{y} - b\bar{x}a=yˉbxˉ , where yˉ\bar{y}yˉ is the mean of the dependent variable and xˉ\bar{x}xˉ is the mean of the independent variable. Given r=0.81r = 0.81r=0.81 , sy=2.0s_y = 2.0sy=2.0 , sx=1.1s_x = 1.1sx=1.1 , yˉ=8.70\bar{y} = 8.70yˉ=8.70 , and xˉ=4.6\bar{x} = 4.6xˉ=4.6 , the slope bbb is approximately 1.47 and the intercept aaa is approximately 1.93, making option B the correct linear regression equation.