Given are the set of Y (price) and X (demand) of a certain commodity. X- {9,7,8,9,3,2} and Y- {6,5,7,6,9,8} respectively. a. The equation of the regression line is y=3.6712+4.2318x y=3.6712-4.2318x y=9.1972-0.3732x none of these b. What will be the price of a commodity if the demand is 12? 3.9724 4.1788 5.7689 none of these

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

Given are the set of Y (price) and X (demand) of a certain commodity. X- {9,7,8,9,3,2} and Y- {6,5,7,6,9,8} respectively.

a. The equation of the regression line is
y=3.6712+4.2318x
y=3.6712-4.2318x
y=9.1972-0.3732x
none of these

b. What will be the price of a commodity if the demand is 12?
3.9724
4.1788
5.7689
none of these

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman