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What is Linear Regression for Courier Income Analysis about?

The president of a courier service collected data from 10 delivery trips including the distance traveled and gross income earned per trip. The data was used to calculate the linear regression equation to predict gross income based on distance. The regression equation calculated was y=10.07x + 122.63. Using this equation, the predicted gross income for trips of 30km, 15km, and 10km were approximately 425 pesos, 274 pesos, and 224 pesos respectively.

Author

Jariel Catacutan

Language

EN