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Use the following regression equation regarding airline tickets to answer the question.
Price = 49 + 0.137 · (Distance)

Note that Distance is the amount of kilometres 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.

Respuesta :

MrRoyal

The interpretation of the slope is the price of an airline ticker per kilometer is 0.137

How to interpret the slope?

The regression equation is given as:

Price = 49 + 0.137 · (Distance)

A regression equation is represented as

y = b + mx

Where m represents the slope

By comparison, we have

m = 0.137


Slopes are used to represent average rates

This means that the interpretation of the slope is the price of an airline ticker per kilometer is 0.137

Read more about regression equation at:

https://brainly.com/question/14184702

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