From 10 observations of price (m) and supply (n) of a commodity, thefóllowing summary figures were obtained (in appropriate units) :Em = 130 ; En= 220 ; E m² = 2288 ; E n = 5506 and E mn = 3467Compute a line of regression of n on m and estimate the supply when the price is 16.

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Answered: From 10 observations of price (m) and…

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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From 10 observations of price (m) and supply (n) of a commodity, the fóllowing summary figures were obtained (in appropriate units) : Σm= 130 ; Σn= 220 ; Σ mr=2288 ; Σην= 5506 and Σ mn= 3467 Compute a line of regression of n on m and estimate the supply when the price is 16.