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  3. the following table presents the average price in

The following table presents the average price in dollars for a dozen eggs and a gallon of...

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Basic Math

The following tablepresents the average price in dollars for a dozen eggs and a gallonof milk for each month in a recent year.

DozenEggsGallon ofMilk
1.943.58
1.803.52
1.773.50
1.833.47
1.693.43
1.673.40
1,653.43
1.883.47
1.893.47
1.963.52
1.963.54
2.013.58

If a linear regressionmodel were fit, what is the value of the slope and the value of they-intercept? Please round to 3 decimal places as necessary. Treatthe price of a gallon of milk as the response variable.

Answer & Explanation Solved by verified expert
3.6 Ratings (625 Votes)
x Dozen Eggs Independent variabley Gallon of Milk Dependent variableThe regression    See Answer
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