FamilySales inPeriodIncomePesos(millions)(thousands)6001202308003251,100281,6001,80031Consider the problem. As part of the operations team, the following are required to be answered:1- 2. What is the independent variable in the problem?a. family income3 -5. What is the correlation coefficient between the two variables?b. sales in pesoc. periodd. either a or bb. 0.66a. 0.566-7. What is the extent of relationship between the two variables?a. low8- 10. What is the regression equation in this case?a. y = -853.81 + 85.89x b. y = -853.81 + 75.89x c. y = 853.81 + 85.89x11 - 15. If family income for years 6 will be 35 million what would be the expected sales?a. 1878.23C. -0.56d. -0.66b. moderatec. highd. very highd. y = 853.81 + 75.89xb. 2152.34c. 3859.96d. 3509.96

Let X=family income Y=Sales in Pesos Data given X:20,30,25,28,31 Y:600,800,1100,1600,1800 Note:…

Answered: Family Sales in Period Income Pesos…

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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