Question

At a local carnival, there is a $2 entrance fee and each of the carnival rides costs $.75 to ride. What regression equation would predict the amount of money you spend at the carnival

Answer 1

The regression equation that predicts the amount of money you spend at the carnival is y = 0.75x + 2.

Step-by-step explanation:

To predict the amount of money you spend at the carnival, we can use a linear regression equation. Let x represent the number of carnival rides and y represent the amount of money spent. The entrance fee does not depend on the number of rides, so it can be considered a fixed cost. The regression equation would be y = mx + b, where m represents the cost per ride and b represents the fixed cost (entrance fee).

In this case, the cost per ride is $0.75 and the entrance fee is $2. Therefore, the regression equation would be y = 0.75x + 2.