The regression equation of production (x) on capacity utilisation () of a certain firm is 3x – 2.76y – 102.30 = 0. The average capacity utilisation of the firm was 70% and the variance of capacity utilisation Is ) thof the variance of production. Find the average production and coefficient of correlation Between production and capacity utilisation.

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
The regression equation of production (x) on capacity utilisation () of a
certain firm is 3x – 2.76y – 102.30 = 0. The average capacity utilisation
of the firm was 70% and the variance of capacity utilisation
Is ) thof the variance of production. Find the average production
and coefficient of correlation Between production and capacity
utilisation.
Transcribed Image Text:The regression equation of production (x) on capacity utilisation () of a certain firm is 3x – 2.76y – 102.30 = 0. The average capacity utilisation of the firm was 70% and the variance of capacity utilisation Is ) thof the variance of production. Find the average production and coefficient of correlation Between production and capacity utilisation.
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar 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