Math Problem Statement
The following data represents nonstop flight times (in minutes) and one-way ticket prices (in dollars) for flying from City A to various cities on certain airlines. Use the given information to answer parts (a) through (e). City Time (minutes), t Price (dollars), P City B 110 140 City C 260 199 City D 81 108 City G 126 130 City H 86 87 City K 169 175 City L 226 191 City M 155 147 City N 265 196 City P 64 93
Solution
The scatterplot above shows the relationship between flight times (in minutes) and ticket prices (in dollars) for the flights from City A to various cities. Each point represents one city, with the flight time on the x-axis and the price on the y-axis.
(c) Does the scatterplot show a positive or negative linear trend?
The scatterplot appears to show a positive linear trend. As the flight time increases, the price tends to increase as well. Although there is some variability, the general trend indicates that longer flight times correspond to higher prices.
(d) Use the least-squares method to determine the regression equation.
The regression equation can be written as: where is the predicted price, is the flight time, is the intercept, and is the slope of the line.
I'll calculate the regression line using the least-squares method.The regression equation based on the least-squares method is:
Where:
- is the intercept, representing the predicted price when the flight time is zero (which is theoretical and doesn't occur in reality).
- is the slope, indicating that for each additional minute of flight time, the ticket price increases by approximately $0.55.
(e) Predict the price for a flight time of 180 minutes.
Using the regression equation , we can substitute to predict the price for a 180-minute flight.
Let me calculate that for you.The predicted price for a flight time of 180 minutes is approximately $160.66.
Would you like any further details or clarification on these results?
Here are five related questions to consider:
- How would the scatterplot look if only shorter flights (under 150 minutes) were considered?
- What impact does outlier data have on the regression line?
- Could the relationship between time and price be better modeled by a non-linear trend?
- How reliable is the prediction for a flight with a time far outside the observed range?
- How can you calculate the strength of the correlation between time and price?
Tip: When interpreting a regression model, always check for outliers or influential points that could distort the trend.
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Math Problem Analysis
Mathematical Concepts
Linear Regression
Statistics
Correlation
Formulas
P = b_0 + b_1 * t (Linear Regression Formula)
Least-Squares Method Formula
Theorems
Least-Squares Theorem
Linear Correlation Coefficient
Suitable Grade Level
Grades 10-12