Below is a table with data on consumption and income. The table also contains information to calculation the slope of aline. What is the intercept?Income (2) Cons (y) x43-15332854651234-0242O-0.1250002000.2xy y (x)(yy) (x0000-1262)(y-y) (-2)²10491111-100TirAtt2 H

let's get the slope:first we need the total of (xi-x̄)(yi-ȳ) and ( xi-x̄)2(xi-x̄)(yi-ȳ)= 0 + 0 + 2 +…

Answered: Below is a table with data on…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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