Duchess Cruise Lines offers trip insurance on their $5600 Mediterranean cruise for $5. That is, if an insured passenger
is unable to make their cruise, Duchess refunds the price of
their cruise; otherwise Duchess grosses $5. Data for the
past decade shows 0.15 refunds per thousand passengers.
How much can Duchess Cruise Lines expect to gross on one
policy?

Given are five observations for two variables, x and y. xi 1 2 3 4 5 yi 3 7 5 11 14 which of the following is a scatter diagrams accurately represents the data? what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? try to approximate the relationship betwen x and y by drawing a straight line through the data. which of the following is a scatter diagrams accurately represents the data? develop the estimated regression equation by computing the values of b 0 and b 1 using equations (14.6) and (14.7) (to 1 decimal). = + x use the estimated regression equation to predict the value of y when x = 4 (to 1 decimal). =