1. The demand and price of a product is given in the following table: 23 12.5 35 Price (Tk.) Demand (kg) 40 45 44 50 55 72 8.6 9.4 7.5 5 4.5 4 2 a. Find the relationship between demand and price using a scatter diagram and comment (interpret). b. Find correlation coefficient and comment. c. Fit a least square regression equation (line) of demand on price and comment. d. What will be the demand when the price is Tk. 38 and Tk. 15? e. Find coefficient of determination (how well the regression line is fitted).

1. The demand and price of a product is given in the following table: 23 12.5 35 Price (Tk.) Demand (kg) 40 45 44 50 55 72 8.6 9.4 7.5 5 4.5 4 2 a. Find the relationship between demand and price using a scatter diagram and comment (interpret). b. Find correlation coefficient and comment. c. Fit a least square regression equation (line) of demand on price and comment. d. What will be the demand when the price is Tk. 38 and Tk. 15? e. Find coefficient of determination (how well the regression line is fitted).

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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