Determine the correlation coefficient r between the two variables. b) Determine the slope coefficient β1 for the regression of annual sales on years of education. c) Determine the y-intercept β0 for the regression of annual sales on years of education. d) What will be the annual sales when the years of education is 11 (years)?
Determine the correlation coefficient r between the two variables. b) Determine the slope coefficient β1 for the regression of annual sales on years of education. c) Determine the y-intercept β0 for the regression of annual sales on years of education. d) What will be the annual sales when the years of education is 11 (years)?
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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Question
a) Determine the
b) Determine the slope coefficient β1 for the regression of annual sales on years of education.
c) Determine the y-intercept β0 for the regression of annual sales on years of education.
d) What will be the annual sales when the years of education is 11 (years)?
*** Answer rounded to at least 4 decimal places.
![A departmental store has the following sales for a period of last one year of 8 salesmen, who have different years of education.
Years of Education
10
10
12
14
16
7
Annual Sales (Thousand Tk.)
100
120
80
100
80
100
70
130](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6403eb78-3273-4b6b-8ff6-082bb93f503f%2F457f2020-7572-4140-aa99-d60334c696ee%2Fkfpi78f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A departmental store has the following sales for a period of last one year of 8 salesmen, who have different years of education.
Years of Education
10
10
12
14
16
7
Annual Sales (Thousand Tk.)
100
120
80
100
80
100
70
130
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