Drug Prices - A medical researcher wishes to see if there is a relationship betw

Question

Drug Prices -   A medical researcher wishes to see if there is a relationship between prescription drug prices for identical drugs and identical dosages that are prescribed for humans and for animals. The prices are shown. Is there a relationship between the prices? prices for humans x - 0.67 0.64 1.20 0.51 0.87 0.74 0.50 1.22 _______________________________________________________________ prices for animals y - 0.13 0.18 0.42 0.25 0.57 0.57 0.49 1.28 Drug Prices -   A medical researcher wishes to see if there is a relationship between prescription drug prices for identical drugs and identical dosages that are prescribed for humans and for animals. The prices are shown. Is there a relationship between the prices? prices for humans x - 0.67 0.64 1.20 0.51 0.87 0.74 0.50 1.22 _______________________________________________________________ prices for animals y - 0.13 0.18 0.42 0.25 0.57 0.57 0.49 1.28

Explanation / Answer

the relation ship betwen x and y is:- prices for humans x - 0.67 0.64 1.20 0.51 0.87 0.74 0.50 1.22 _______________________________________________________________ prices for animals y - 0.13 0.18 0.42 0.25 0.57 0.57 0.49 1.28 ( y - 0.13 ) = (( 0.13 - 0.18)/( 0.67 - 0.64))( x - 0.67) so , 3y - 0.39 = 5x - 3.35 so, this gives the relation as:- 3y - 5x + 2.96

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