Mathematics, 21.05.2020 22:58 ozzy1146
A panel of judges was rating the taste of different brands of potato chips. Ayane noticed a linear
relationship between the prices and the ratings for 20 different brands. Here is computer output from a
least squares regression analysis for predicting rating from price:
Predictor
Coef
-0.39
Constant
SE Coef
0.57
0.283
-0.687 0.499
8.9 0.000
Price
2.52
S = 0.7387
R-sq = 77.3%
Use this model to predict the rating of a brand that costs $3.00 per bag.
You may round your answer to the nearest whole number rating.
Predicted rating:
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Answers: 3
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