Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Regression analysis is being used to find the line of best fit(y=a+bx) from twelve pairs of data. The calculations have produced the following information: X=120,Y=600,X2=11,500,Y2=17,986andXY=13,467

image text in transcribed
Regression analysis is being used to find the line of best fit(y=a+bx) from twelve pairs of data. The calculations have produced the following information: X=120,Y=600,X2=11,500,Y2=17,986andXY=13,467 What is the value of " b " in the equation for the line of best fit? Formula: b=[nXYXY]/[lnX2(X)2]

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

Financial Accounting For MBAs

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

6th Edition

161853100X, 978-1618531001

More Books

Students also viewed these Accounting questions

Question

What is meant by the term contractual capacity?

Answered: 1 week ago