10 observations on price X and supply Y the following data were obtained,EX = 130, EY = 220, Ex² = 2288, EY² = 5506 and EXY = 3467 obtain the lineof regression of Y on X and estimate the supply when the price is 16 units andalso find the standard error of estimate.%3D%3D6 S)

Given: Number of observation n=10, on price X and supply Y. ∑X=130, ∑Y=220, ∑X2=2288, ∑Y2=5506 and…

Answered: 10 observations on price X and supply Y…

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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10 observations on price X and supply Y the following data were obtained, EX = 130, EY = 220, Ex² = 2288, E Y² = 5506 and EXY = 3467 obtain the line of regression of Y on X and estimate the supply when the price is 16 units and also find the standard error of estimate. %3D %3D 6 S)