In a study of the relation between the price (in thousand pounds) (x) and the number of computers sold (y) monthly, we draw a sample of seven months and obtain the following results Σν-6820 Ex; = 63 The standard deviation of the price is 3.9 thousand pounds ΣΥ-210 The determinant coefficient (R2) = 0.7921 There is an inverse relation between the price and the number of computers sold. Page 1 of 4 Find: a) Find the suitable least squares regression line. b) Give a brief interpretation of the values of the Y-intercept and slope calculated in the previous part. c) Predict the number of computers sold when the price of the computer unit is ten thousand pounds.

In a study of the relation between the price (in thousand pounds) (x) and the number of computers sold (y) monthly, we draw a sample of seven months and obtain the following results Σν-6820 Ex; = 63 The standard deviation of the price is 3.9 thousand pounds ΣΥ-210 The determinant coefficient (R2) = 0.7921 There is an inverse relation between the price and the number of computers sold. Page 1 of 4 Find: a) Find the suitable least squares regression line. b) Give a brief interpretation of the values of the Y-intercept and slope calculated in the previous part. c) Predict the number of computers sold when the price of the computer unit is ten thousand pounds.

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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