Regression analysis is being used to find the line of best fit (vy =a+t bx) from five

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Regression analysis is being used to find the line of best fit (vy =a+t bx)

from five pairs of data. The calculations have produced the following information:

Sx = 129 Sy = 890 Sxy = 23091 dx? = 3433 dy? = 29929 What is the value of ‘a’ in the equation for the line of best fit (to the nearest whole number)?

(a) 146

(b) 152

(c) 210

(d) 245

(2 marks)

ACCA - Financial Information for Management

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Cost And Management Accounting

ISBN: 9781473749054

9th Edition

Authors: Colin Drury

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Question Posted: Jun 25, 2024 02:03 AM

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Regression analysis is being used to find the line of best fit (vy =a+t bx) from five

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Cost And Management Accounting

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