Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Simple linear regression equation and coefficient of determination 

Mr. Allen Profit is studying companies going public for the first time. He is studying companies going for the first time. He is particularly interested in relationship between the Sales, (X), and /units sold,(Y). A sample of 10 companies that recently revealed the following information:

 

Sales(X)

14

35

22

29

6

15

17

20

12

29

Units sold(Y)

28

66

38

70

22

27

28

47

14

68

XY

 

Y^

 

e

 

a)      What is the dependent variable in above table?

b)     Computed the value of b0 and b1

c)      prepare down the regression equation approximately.

d)     Computed the coefficient of determination (r2)

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M918122

Have any Question? 


Related Questions in Statistics and Probability

The percentage of people with advanced degrees is 165 on

The percentage of people with advanced degrees is 16.5% on average if 1000 people are randomly selected what is the probability that the percentage of these poeple with advanced degrees is between 17% and 18.5%?

When researchers set their alpha level at 05 they reject

When researchers set their alpha level at .05, they reject the null hypothesis (and conclude that the independent variable has an effect) only if there is less than a 5% chance that the differences among the means are du ...

An article in archaeometry involved an analysis of 48

An article in Archaeometry involved an analysis of 48 samples of Romano-Britishpottery, found at four different kiln sites in the United Kingdom. The samples were analyzed todetermine their chemical-composition. The perc ...

Consider a repeated game with standard information where

Consider a repeated game with standard information, where each player maximizes his expected 8-discounted average payoff, for some 8 that is close to but less than 1. Payoffs at each round depend on the players' moves as ...

Suppose that the number of men equals the number of women

Suppose that the number of men equals the number of women, and that Vera is last on the preference list of every man. Prove that under every stable matching, Vera is matched to the same man. Who is the unlucky guy?

The following data represents a random sample of number of

The following data represents a random sample of number of shares of a pharmaceutical company's stock traded for 20 days in 2000. 3.99 8.91 10.41 7.53 13.85 5.3 9.7 8.95 12.11 13.26 4.25 8.55 11.6 6.76 27.55 7.72 10.15 4 ...

The condorcet method the french mathematician condorcet

The Condorcet Method The French mathematician Condorcet proposed the following method for determining a social preference order based on the strict preferences of the individuals in society. A voter i with a strict prefe ...

Manifest destiny was a powerful force in nineteenth century

"Manifest Destiny was a powerful force in nineteenth century America not only calling for the expansion of the nation physically but also for spreading its ideals to more parts of the world. In what ways was slavery both ...

Uncertain scenario-maximizing the meanthe potential

Uncertain Scenario-Maximizing the Mean The potential revenues of all projects are in fact uncertain. The company determines that the revenue for project 1 is following a uniform distribution ranging from $1,200,000 to $2 ...

What is the variation in lsquofalse rejects that is not

What is the variation in ‘False rejects' that is NOT attributable to the Inspectors (as Sum of squares, not as percentage or mean)? 349.4 84.9 264.5 10.58 21.2

  • 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