Core Connections Integrated I, 2013
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Core Connections Integrated I, 2013 View details
1. Section 11.1
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Exercise 9 Page 588

Practice makes perfect
a The slope tells us how steep the line is. The intercept shows where the line cuts the axis. Examining the line of best fit, we can identify these values.
A slope of means that for every extra ounce of meat we buy, the price increases on average by The intercept of tells us that if we buy ounces of meat, the cost is However, this does not make sense, since then we would be paying even if we did not buy anything.
b The residual is the actual value minus the predicted value.
From the exercise, we know that the actual value when buying oz. of meat is To calculate the predicted value, we have to substitute into the line of best fit.
Having calculated the predicted value, we can find the residual.
Since the residual is positive, the model understates the cost at this level.
c One pound equals ounces. If the price is reasonable, the model from Part A should give a price that is roughly around when substituting for
The price is a bit too high to be reasonable.