Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. Listed below are amounts of court fine revenue and salaries paid to town justices. [12 marks] a) Calculate the linear correlation coefficient. Court income

image text in transcribed
3. Listed below are amounts of court fine revenue and salaries paid to town justices. [12 marks] a) Calculate the linear correlation coefficient. Court income $000s Justice salary $000s (X (y 32 18 65 30 111 25 154 26 252 61 272 46 404 44 1131 56 1567 92 x = 3988 Ly = 398 x2 = 4076640 y2 = 21898 MM n = 9 xy = 262465 (b) Determine the equation of the regression line of the form y' = a + bx (c) Use your equation to determine the predicted Justice salary for a court income of $300000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus (Subscription)

Authors: Michael Sullivan, Michael Sullivan III

11th Edition

0135228980, 9780135228982

More Books

Students also viewed these Mathematics questions

Question

List the names of borrowers with overdue books.

Answered: 1 week ago

Question

Solve the integral:

Answered: 1 week ago

Question

What is meant by Non-programmed decision?

Answered: 1 week ago

Question

What are the different techniques used in decision making?

Answered: 1 week ago