Question

The Consumer Price Index (CPI) and the cost of subway fare are listed below. CPI 30.2...

The Consumer Price Index (CPI) and the cost of subway fare are listed below.

CPI 30.2 48.3 112.3 162.2 191.9 197.8
Subway Fare 0.15 0.35 1.00 1.35 1.50 2.0

Is there sufficient evidence to support a claim of a linear correlation so that it is reasonable to use the regression equation when making predictions?

*a=0.05

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Answer #1

conclude that there is sufficient evidence to support a claim of a linear correlation so that it is reasonable to use the regression equation when making predictions.

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