Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

A large department store has collected the following monthly data on lost sales revenue due to theft and the number of security guard hours on duty:

Lost Sales Revenue
in Thousands Total Guard Hours
1.0 600
1.4 630
1.9 1000
2.0 1200
1.8 950
2.1 1300
2.3 1350

Determine the least squares regression equation.

least squares equation: Y = .0014X +.3780

least squares equation: Y = .0014X + .955

least squares equation: Y = .0014 X + .9121

least squares equation: Y = .3780X+ .0014

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M998382

Have any Question? 


Related Questions in Statistics and Probability

How could the federal government at the time of the gilded

How could the federal government at the time of the Gilded Age have reduced the economy's exposure to panics and recessions?

A car salesmen claims that a particular make of a car would

A car salesmen claims that a particular make of a car would give a mean mileage of greater than 20mpg. If I ran 10 cars on one gallon of gas each and came up with 10 different results, what statistical formula would I us ...

The annual commissions earned by sales representatives of

The annual commissions earned by sales representatives of Machine Products, Inc. a manufacturer of light machinery, follow the normal probability distribution.  The mean yearly amount earned is $40,000 and the standard d ...

Peggy wants to know if her pack of cookies was

Peggy wants to know if her pack of cookies was statistically different from those of the rest of the class. She found out the average number of chips per cookie this year was 13.82 and the standard deviation for the clas ...

Data interpretationresearch reportyour taskwrite a report

Data Interpretation Research Report Your task: Write a report on the statistical relationship that you find between the stock price of the company that you have been assigned and the following three variables: the FTSE, ...

In juliuss list of preferences agrippina appears first

In Julius's list of preferences, Agrippina appears first, Messalina appears second, and Cleopatra appears third. Suppose there is a stable matching under which Julius is matched to Agrippina, and that there is a stable m ...

1 when do researchers use regression analysis2 what is

1. When do researchers use regression analysis? 2. What is multiple regression analysis? 3. Distinguish among simultaneous (or standard), stepwise, and hierarchical regression.

Starting in the 10th century movements to reform the church

Starting in the 10th century, movements to reform the church began. Why was the church in need of reform, and what were the consequences of the Gregorian Reforms? How did these reforms change society? 1 and a half page e ...

Problem 1somewhere in the milky way galaxy a class of 2000

Problem 1 Somewhere in the Milky Way Galaxy, a class of 2,000 students took a course in Astronomy.  The first exam scores and the final exam percentage reached earth, but transmission broke off after only a dozen student ...

Analysis and applicable theoriesfor your analysis select

Analysis and Applicable Theories For your analysis, select two applicable theories content theories and two process theories from the list provided in this course. Please note the theories should be post-Frederick Winslo ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen