Listed below are costs (in dollars) of air-fares for different airlines from New York City to San Francisco. The costs are base on tickets purchased 30 days in advance and on day in advance.
30 days x 240 250 254 284 288 328 290
One day y 556 514 587 843 728
988 536
Compute the correlation coefficient.
Compute the slope of the linear regression line.
Compute the y-intercept of the linear regression
Use the equation of the regression line(and parts b. and c.) to give a point estimate of the cost of a ticket purchased one day in advance, given the ticket cost of $310 if purchased 30 days in advance of the flight.
Give a 95% confidence interval for y when x is $310.
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