Inside Collection (Textbook): Collaborative Statistics (MT230 - Spring 2013)
Summary: This module provides an overview of Linear Regression and Correlation: Linear Equations as a part of Collaborative Statistics collection (col10522) by Barbara Illowsky and Susan Dean.
Linear regression for two variables is based on a linear equation with one independent variable. It has the form:
where
The following examples are linear equations.
The graph of a linear equation of the form
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Linear equations of this form occur in applications of life sciences, social sciences, psychology, business, economics, physical sciences, mathematics, and other areas.
Aaron's Word Processing Service (AWPS) does word processing. Its rate is $32 per hour plus a $31.50 one-time charge. The total cost to a customer depends on the number of hours it takes to do the word processing job.
Find the equation that expresses the total cost in terms of the number of hours required to finish the word processing job.
Let
Let
The $31.50 is a fixed cost. If it takes
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