Complete the following worksheet and then use it to calculate the coefficient of determination. (Gi–3)² (Vi – 2 i yi 20 xị 1 50 19329 8.579 12960 50 21 19.329 8.579 21.160 55 19 18.374 3.897 6.760 4 55 19.5 18.374 3.897 9.610 5 60 20.5 17.419 1.038 16.810 60 19 17.419 1.038 6.760 7 65 15.5 16.464 0.004 0.810 65 15 16.464 0.004 1.960 70 14.5 15.509 0.794 3.610 10 70 15.5 15.509 0.794 0.810 11 80 13 13.599 7.846 11.560 12 80 14 13.599 7.846 5.760 13 90 11.5 11.689 22.194 24.010 14 90 11 11.689 22.194 29.160 15 40 17 21.239 23.416 0.360 Total 112.120 152.100 The coefficient of determination (r2 ) is

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Complete the following worksheet and then use it to calculate the coefficient of determination.
(vi – 2
12960
i
xi
yi
1
50
20
19329
8.579
2
50
21
19.329
8.579
21.160
3
55
19
18.374
3.897
6.760
4
55
19.5
18.374
3.897
9.610
60
20.5
17.419
1.038
16.810
60
19
17.419
1.038
6.760
7
65
15.5
16.464
0.004
0.810
8
65
15
16.464
0.004
1.960
9.
70
14.5
15.509
0.794
3.610
10 70
15.5
15.509
0.794
0.810
11
80
13
13.599
7.846
11.560
12
80
14
13.599
7.846
5.760
13
90
11.5
11.689
22.194
24.010
14 90
11
11.689
22.194
29.160
15 40
17
21.239
23.416
0.360
Total
112.120
152.100
The coefficient of determination (r2 ) is
What is the price elasticity of demand at a price of 50 cents?
o -0.46
0.03
-0.02
o -0.50
Transcribed Image Text:Complete the following worksheet and then use it to calculate the coefficient of determination. (vi – 2 12960 i xi yi 1 50 20 19329 8.579 2 50 21 19.329 8.579 21.160 3 55 19 18.374 3.897 6.760 4 55 19.5 18.374 3.897 9.610 60 20.5 17.419 1.038 16.810 60 19 17.419 1.038 6.760 7 65 15.5 16.464 0.004 0.810 8 65 15 16.464 0.004 1.960 9. 70 14.5 15.509 0.794 3.610 10 70 15.5 15.509 0.794 0.810 11 80 13 13.599 7.846 11.560 12 80 14 13.599 7.846 5.760 13 90 11.5 11.689 22.194 24.010 14 90 11 11.689 22.194 29.160 15 40 17 21.239 23.416 0.360 Total 112.120 152.100 The coefficient of determination (r2 ) is What is the price elasticity of demand at a price of 50 cents? o -0.46 0.03 -0.02 o -0.50
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