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April 19, 2014

April 19, 2014

Posted by **Sue** on Friday, May 24, 2013 at 10:47am.

yhat = 7.88 − 0.05x

- statistics -
**MathGuru**, Friday, May 24, 2013 at 6:05pmHere is your equation:

yhat = 7.88 - 0.05x

Substitute 55 for x and solve for yhat (that will be your predicted value).

I'll show you how this is done:

yhat = 7.88 - 0.05(55) = 7.88 - 2.75 = 5.13

yhat = 5.13 (cost per unit)

I hope this helps.

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