Answer: C) ŷ = 0.06X + 4
Explanation:
Given the following :
Number of minutes since Rahul got online :
0 - - - - - 2 - - - - - 4 - - - - - 6 - - - - - 8
Total amount paid :
4.0 - - - 4.12 - - - 4.24 - - - 4.36 - - - 4.48
Using the online regression calculator to create a linear model with number of minutes since Rahul got online on the x-axis and the total amount paid on the y-axis :
The linear model obtained is : ŷ = 0.06X + 4
With y being the predicted variable
X = values of the independent variable
0.06 = gradient or slope of the line
4 = intercept