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Correlation and Regression Prediction

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Identify the regression equation and make the prediction. Show your procedure, or explain how you reached your answer.

Find the best predicted cost of subway fare when the CPI is 182.5 (in the year 2000)

CPI 30.2 48.3 112.3 162.2 191.9 197.8
Subway 0.15 0.35 1 1.35 1.5 2
Fare

Regression equation:

Predicted value:

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Solution Summary

The expert identifies the regression equation and makes a prediction.

Solution Preview

Regression equation: Y=0.009451*X-0.1068298
Predicted value: ...

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