An autopart is manufactured by a company once a month in lots that vary in size as demand fluctuates. The data below represent observations in lot size (v) and number of man-hours (x) for 10 recent production runs. In vector form the data are: 1 20 1 30 1 60 1 80 1 40 1 50 1 60 73 50 128 170 87 X = Y = 108 135 1 30 69 1 70 1 60 148 132 Find the least square estimator 3 of the parameter vector (Bo, ß1)' .

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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An autopart is manufactured by a company once a month in lots that vary in size as demand
fluctuates. The data below represent observations in lot size (v) and number of man-hours (x) for
10 recent production runs. In vector form the data are:
1 20
1 30
1 60
1 80
1 40
1 50
1 60
73
50
128
170
87
X =
Y =
108
135
1
30
69
1 70
1 60
148
132
Find the least square estimator 3 of the parameter vector (Bo, ß1)' .
Transcribed Image Text:An autopart is manufactured by a company once a month in lots that vary in size as demand fluctuates. The data below represent observations in lot size (v) and number of man-hours (x) for 10 recent production runs. In vector form the data are: 1 20 1 30 1 60 1 80 1 40 1 50 1 60 73 50 128 170 87 X = Y = 108 135 1 30 69 1 70 1 60 148 132 Find the least square estimator 3 of the parameter vector (Bo, ß1)' .
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