Step-by-step explanation:
Answer:
y=4
Step-by-step explanation:
Read off the graph. The corresponding y-coordinate when the x-coordinate is 7 is 4.
Answer:
profit of 240
Step-by-step explanation:
credit to the person above me
The regression equation of Y on X is given by the following formula:
Where byx is given by the formula:
Where N is the number of values (N=8). We need to find the sum of X values, the sum of Y values, the average of X, the average of Y, the sum of X*Y and the sum of X^2.
The table of values is:
The values we need to know are on the following table:
By replacing the known values in the formula we obtain:
Now, the average of X and Y is the sum divided by N, then:
Replace these values in the formula and find the regression equation as follows:
The answer is a) y=4.6x+28.26