Question

A state's park system statistical report for the 2014/2015 fiscal year gave the accompanying data on x = amount of money collected in user fees (in thousands of dollars) and y = operating cost (in thousands of dollars) for nine state parks in a certain district.

User Fees (thousands of dollars)	Operating Costs (thousands of dollars)
17	99
74	363
811	3,546
380	1,377
33	243
427	760
500	1,054
734	2,227
760	1,604

(a)

Find the equation of the least squares regression line (the equation of the best fit line). Hint: use Excel to perform calculations with larger datasets. (Round your answers to three decimal places.)

ŷ = ____,(_____)x

Answer 1