Linear Modelingmedium
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A city's public transportation director analyzes the relationship between bus fare price (x, in dollars) and daily ridership (y, in thousands of passengers). The regression line is . What does the slope of -450 mean in this context?
A city's public transportation director analyzes the relationship between bus fare price (x, in dollars) and daily ridership (y, in thousands of passengers). The regression line is . What does the slope of -450 mean in this context?