Logistic regression analyses require that your single dependent variable is a ratio variable.
1 answer:
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Answer:
y = -(5/2)x -2
Explanation:
The general formula for a straight line is y – mx + b.
The image below shows the graph of the line.
Step 1. <em>Calculate the slope</em>.
Slope = m = Δy/Δx = (y₂-y₁)/(x₂-x₁)
x₁ = 0; y₁ = -2
x₂ = -2; y₂ = 3 Calculate m
m = [3-(-2)]/(-2-0)
m = (3+2)/(-2)
m = 5/(-2)
m = -5/2
Step 2. <em>Calculate the y-intercept </em>
When x = 0, y = 2.
The y-intercept (b) is at y = -2
Step 3. <em>Write the equation </em>for the graph
y = mx + b
y = -(5/2)x - 2
Step-by-step explanation:
Selling price = Rs.80
Cost price = Rs.100
here, CP > SP
Now...
Loss ( L ) = CP - SP
= RS.100 - 80
= Rs.20
Now...
= 20 %