Question

The data show the number of viewers for television stars with certain salaries. Find the regression equation, letting salary be the independent (x) variable. Find the best predicted number of viewers for a television star with a salary of $3 million. Is the result close to the actual number of viewers, 8.0 million? Use a significance level of 0.05.Salary (millions of $)9975264915Viewers (millions)4.12.21.44.48.38.84.94.3Part 1What is the regression equation?y= 4.983 −.010x (Round to three decimal places as needed.)Part 2What is the best predicted number of viewers for a television star with a salary of $3 million?The best predicted number of viewers for a television star with a salary of $3 million is _____ million.(Round to one decimal place as needed.)Help with part 2

Answer 1

we have the equation

y= 4.983 −.010x

where

x ----> the salary

y ----> number of viewers

so

For x=$3 million

substitute

in the given equation

y=4.983-0.010(3)

y=4.953 millions

therefore

The answer is 5.0 million (one decimal place)