Assignment:
Find the regression equation, letting the first variable be the predictor (x) variable. Find the indicated predicted value by following the prediction procedure summarized in Figure below.
1. CPI and Pizza Find the best predicted cost of a slice of pizza when the Consumer Price Index (CPI) is 182.5 (in the year 2000).
|
CPI
|
30.2
|
48.3
|
112.3
|
162.2
|
191.9
|
197.8
|
|
Cost of Pizza
|
0.15
|
0.35
|
1
|
1.35
|
1.5
|
2
|
2.CPI and Subway Fare Find the best predicted cost of subway fare when the Consumer Price Index (CPI) is 182.5 (in the year 2000)
|
CPI
|
30.2
|
48.3
|
112.3
|
162.2
|
191.9
|
197.8
|
|
Subway Fare
|
0.15
|
0.35
|
1
|
1.35
|
1.5
|
2
|