Question
Based on some data, it is found that the average monthly price and standard deviation of FMCG (Fast Moving Consumer Goods) in Kolkata are Rs.
Based on some data, it is found that the average monthly price and standard deviation of
FMCG (Fast Moving Consumer Goods) in Kolkata are Rs. 60 and Rs. 2.5, respectively, and
the same in Mumbai are Rs. 80 and Rs. 3.5, respectively. The correlation coefficient between
the prices in the two cities is 0.9. If in a particular month the price of FMCG in Kolkata is Rs.
85, then the expected price at Mumbai in that month, obtained through linear regression, is
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Number Theory A Historical Approach
Authors: John J Watkins
1st Edition
1400848741, 9781400848744
