Q#5.(a) Given the following the values of the variables: Income (X) (000) 10 20 30 40 50 60 Expenditure(Y)(000) 7 21 23 34 6. 53 Estimate the equation of least squares regression line and discuss your results. Estimate expenditure when Income is 70 and 80. Also find the correlation between two variables and discuss your results.
Q#5.(a) Given the following the values of the variables: Income (X) (000) 10 20 30 40 50 60 Expenditure(Y)(000) 7 21 23 34 6. 53 Estimate the equation of least squares regression line and discuss your results. Estimate expenditure when Income is 70 and 80. Also find the correlation between two variables and discuss your results.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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