Simple Regression Sales Revenue Year Product Price (P) (millions of pesos) 1 1.20 0.95 1.50 0.93 3 2.00 0.92 4 3.50 0.90 4.10 0.87 5.60 0.85 Let Sales Revenue be (y) and Product Price be (x) Solve for the slope (b). The computed value should be expressed using 4 decimal p

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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CHOICES OF ANSWERS:

A. 44.9032

B. 45.8520

C. -44.5327

D. 43.2112

Simple Regression
Sales Revenue
Year
Product Price (P)
(millions of pesos)
1
1.20
0.95
1.50
0.93
3
2.00
0.92
4
3.50
0.90
4.10
0.87
5.60
0.85
Let Sales Revenue be (y) and Product Price be (x)
Solve for the slope (b). The computed value should be expressed using 4 decimal places
Transcribed Image Text:Simple Regression Sales Revenue Year Product Price (P) (millions of pesos) 1 1.20 0.95 1.50 0.93 3 2.00 0.92 4 3.50 0.90 4.10 0.87 5.60 0.85 Let Sales Revenue be (y) and Product Price be (x) Solve for the slope (b). The computed value should be expressed using 4 decimal places
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