Use the following regression equation regarding airline tickets for following questions . Note that Distance is the amount of miles between the departure and arrival cities, and Price is the
cost of an airline ticket.
-Interpret the slope of the regression equation in the context of the data.

Question

Use the following regression equation regarding airline tickets for following questions .  Note that Distance is the amount of miles between the departure and arrival cities, and Price is the
cost of an airline ticket.
-Interpret the slope of the regression equation in the context of the data.

Quizplus · Accepted Answer

The Answer is The slope is 0.22. For every additional mile of ﬂight travel, the price of the airline ticket is predicted to increase by $0.22.

Use the Following Regression Equation Regarding Airline Tickets for Following