The linear regression equation which models the data is : y = 0.075X + 0.290. The amount that should be budgeted for fill up is $22.42
Using a linear regression calculator. we can obtain the linear regression equation for the data given in the form :
- y = bx + c
- b = slope ; c = intercept
The linear equation gotten is :
2.)
For a distance of 295 Miles ; x = 295
y = 0.075(295) + 0.290
y = 22.415 ≈ 22.42
Therefore, the amount that should be budgeted for fill up is $22.42