PLEASE HELP!! WILL GIVE BRAINIEST!!


This is about average gas prices from 2005-2015


2005 - $2.27

2006 - $2.57

2007 - $2.80

2008 - $3.25

2009 - $2.35

2010 - $2.78

2011 - $3.52

2012 - $3.62

2013 - $3.51

2014 - $3.36

2015 - $2.43


c. What equation models the data? What are the domain and range of

the equation? Do you think your equation is a good fit for the data?

Explain how you determined your answers.

Respuesta :

Answer:y =0.07272727273 x + 2.587272727

Step-by-step explanation:

Equation of regression line is: y=ax +b

Where, [tex]b=\frac{\sum y\sum x^2-\sum x\sum xy}{n\sum x^2-(\sum x)^2}[/tex]

[tex]a=\frac{n(\sum xy)-\sum x\sum y}{n(\sum x^2)-(\sumx)^2}[/tex]

Here [tex]n =11,\sum y=32.46,\sum x^2=385,\sum x=55,\sum xy=170.3,(\sum x)^2=3025[/tex]

On substituting the values in the formula above for a and b we get:

[tex]b=\frac{32.46\cdot 385-55\cdot 170.3}{11(385)-3025}[/tex]

On simplification we get: [tex]b=2.587[/tex]

[tex]a=\frac{11(170.3)-55\cdot 32.46}{11(385)-3025}[/tex]

On simplification we get: [tex]a=0.0727[/tex]


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