Complete the following worksheet and then use it to calculate the coefficient of determination.(9,- y)²28.2108.2103.688ŷ19.23219.23218.28718.28760 19.517.3426 60 19 17.3427 65 15.516.39716.39715.45215.45213.56213.56211.67212 50 21345000Z; 3/450 20855 1955 19.565 159 70 151070 15.51312 80 1413 9011.514 90 1115 40 172288811 80-0.46Ⓒ -0.0211.67221.122The coefficient of determination (2) is 0.767-0.50TotalO 0.033.6880.9510.9510.0010.0010.8370.8377.8667.86622.04022.04022.613(34 - y)²13.20121.4686.9349.818What is the price elasticity of demand at a price of 50 cents?9.8186.9340.7511.8681.8680.75111.3345.60123.68428.8010.401143.232 ▼

Price elasticity of demand is a calculation of the responsiveness of the quantity demanded of a good…

Complete the following worksheet and then use it to calculate the coefficient of determination. (34;-)² 13.201 21.468 6.934 9.818 Z; ŷ 1 50 20 19.232 2 50 21 19.232 3 55 19 18.287 4 55 19.5 18.287 Vi 5 60 19.5 17.342 6 60 19 17.342 7 65 15.5 16.397 65 15 16.397 70 15 15.452 70 15.5 15.452 00 9 10 11 80 13 13.562 12 80 14 13.562 13 90 11.5 11.672 14 90 11 11.672 (9,-V)² 8.210 8.210 3.688 3.688 0.951 0.951 0.001 0.001 0.837 0.837 7.866 7.866 22.040 22.040 9.818 6.934 0.751 1.868 1.868 0.751 11.334 5.601 23.684 28.801

Complete the following worksheet and then use it to calculate the coefficient of determination. (34;-)² 13.201 21.468 6.934 9.818 Z; ŷ 1 50 20 19.232 2 50 21 19.232 3 55 19 18.287 4 55 19.5 18.287 Vi 5 60 19.5 17.342 6 60 19 17.342 7 65 15.5 16.397 65 15 16.397 70 15 15.452 70 15.5 15.452 00 9 10 11 80 13 13.562 12 80 14 13.562 13 90 11.5 11.672 14 90 11 11.672 (9,-V)² 8.210 8.210 3.688 3.688 0.951 0.951 0.001 0.001 0.837 0.837 7.866 7.866 22.040 22.040 9.818 6.934 0.751 1.868 1.868 0.751 11.334 5.601 23.684 28.801

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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