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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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CHOICES OF ANSWERS:
A. 44.9032
B. 45.8520
C. -44.5327
D. 43.2112
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