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The Following Table Presents the Average Price in Dollars for a Dozen

Question 7

Multiple Choice

The following table presents the average price in dollars for a dozen eggs and a gallon of milk in several recent years.
 Dozen  eggs  Gallon of  milk 1.893.531.813.561.843.481.773.571.653.501.823.601.633.471.633.41\begin{array} { c c } \begin{array} { c } \text { Dozen } \\\text { eggs }\end{array} & \begin{array} { c } \text { Gallon of } \\\text { milk }\end{array} \\1.89 & 3.53 \\1.81 & 3.56 \\1.84 & 3.48 \\1.77 & 3.57 \\1.65 & 3.50 \\1.82 & 3.60 \\1.63 & 3.47 \\1.63 & 3.41\end{array}
The least-squares regression equation is y=2.8569+0.3750xy = 2.8569 + 0.3750 x . If the price of eggs differs by $0.25 From one year to the next, by how much would you expect the price of milk to differ?


A) $1.50
B) -$0.09
C) $0.38
D) $0.09

Correct Answer:

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