Question
An economist wishes to predict the income of restaurants that are more than two years old from a regression equation, using total floor space and
An economist wishes to predict the income of restaurants that are more than two years old from a regression equation, using total floor space and no. of employees. The following date have been obtained for a sample of five restaurants.
Income(0000Rs)
Y
Floor space(000sqm)
X1
No. of Employees
X2
20
15
10
5
10
10
5
10
3
2
15
6
12
7
10
I.Find the regression equation for these data
II.Calculate the standard error of estimate of values of Y about the regression plane
III.Calculate the coefficient of multiple determination.[9+4+2]
b.i) In a distribution exactly normal, 10.3% of the items are under 25 kg and 97% of the items are under 70kg. What are mean and standard deviation of the distribution?
ii) The following table shows the distribution of the number of faulty units produced in a single shift in a factory. The is for 100 shifts
No. of fault: 0123456and more
No. of shift: 41423231899
Fit a Poisson distribution to the data.
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