Read the following description of a data set.Grape growers in France think they will have a massive crop this year and want to know how this will influence demand for grape juice.They compared how many grapes were produced (in millions of metric tons), x, and the amount of French grape juice that was sold in previous years (in billions of liters), y.The least squares regression line of this data set is:y=0.143x+5.363Complete the following sentence:The least squares regression line predicts the amount of French grape juice sold would increase by ___ billion liters if the amount of grapes produced increased by one million metric tons.
Q. Read the following description of a data set.Grape growers in France think they will have a massive crop this year and want to know how this will influence demand for grape juice.They compared how many grapes were produced (in millions of metric tons), x, and the amount of French grape juice that was sold in previous years (in billions of liters), y.The least squares regression line of this data set is:y=0.143x+5.363Complete the following sentence:The least squares regression line predicts the amount of French grape juice sold would increase by ___ billion liters if the amount of grapes produced increased by one million metric tons.
Analyze Equation: Analyze the given regression equation y=0.143x+5.363. Here, the slope is 0.143, which represents the change in y (amount of French grape juice sold in billions of liters) for each unit increase in x (amount of grapes produced in millions of metric tons).
Calculate Increase Rate: To find out how much the sale of French grape juice increases per one million metric tons increase in grape production, look at the slope of the regression line, which is 0.143. This means for every one million metric tons increase in grape production, the sale of grape juice increases by 0.143 billion liters.