SOLUTION: 7 tourists were asked about the airfare expenses and their total budgeted amount in their last travel/holiday. Air fare (in ‘000s of Rupees) 15 28 10 9 11 16 12 Total Budg

Algebra ->  Probability-and-statistics -> SOLUTION: 7 tourists were asked about the airfare expenses and their total budgeted amount in their last travel/holiday. Air fare (in ‘000s of Rupees) 15 28 10 9 11 16 12 Total Budg      Log On


   

Question 1132072: 7 tourists were asked about the airfare expenses and their total budgeted amount in their last travel/holiday.
Air fare (in ‘000s of Rupees)
15
28
10
9
11
16
12
Total Budget (in ‘000s of rupees)
120
145
130
102
180
95
100
What is the expected budget for an individual of this group if the airfare to a certain city of her choice is Rs.8.9K?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
regressing y on x, using x as air fare give
y=0.774x+113.41
(this has a very low R^2 of 0.02, meaning almost no correlation at all.
using 8.9 for x, y, the budget, is 120.30K rupees