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Regression equation:Relationship between No. of credits&Fees

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The relationship described below can be modeled using an equation. Identify the variables and write an equation to solve the questions below.

(a) Write an equation to calculate the fees F when the number of credits n is given?

(b) Use this equation from part (a) to calculate the fee for 17 credits.

No. of Credits Fees
3 2000
6 2600
9 3200
12 3800
15 4400.

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Solution Summary

The solution provides step-by-step method for the calculation of regression equation. Formula for the calculation and Interpretations of the results are also included.

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