statistics help!

statistics help!

  • The table shows the average cost, in dollars, of a movie ticket in the United States for different years.

Year

1948

1963

1974

1978

1985

1991

1997

2005

2010

Cost

0.36

0.86

1.89

2.34

3.55

4.21

4.59

6.41

7.89

Use technology to answer the following:

  • Find the equation of the least squares regression line. Round values of a and b to four decimal places.
  • Find r. Round to three decimal places. Interpret the r-value.
  • Find . Round to three decimal places. Tell what it means.
  • Use the equation of the least squares regression line to predict the average cost of a movie ticket in 1995.