Market researchers were interested in the relationship between the number of pieces in a brick-building set and the
cost of the set. Information was collected from a survey and was used to obtain the regression equation ý =
0.08x + 1.20, where x represents the number of pieces in a set and ŷ is the predicted price in dollars) of a set.
What is the predicted price of a set that has 500 pieces?
$40
$41.20
$600
$6,235

Answers

Answer 1
Plug in 500 for x and solve. 500(0.08) = 40

Then do 40 + 1.2 = 41.20

Answer B

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