The least square regression equation for the information provided is y = 9.72x - 40.776
<u>The general equation of a regression model can be expressed thus</u>:
Calculating slope, b :
- b = 0.81(177.6 / 14.8) = 9.72
<u>Plugging the values of b, y and x into the equation in other to calculate c</u> :
696 = 9.72(75.8) + c
696 = 736.776 + c
c = 696 - 736.776
c = - 40.776
Therefore, the linear regression model can be expressed as : y = 9.72x - 40.776
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Answer:
a. 400
b. 4$
Step-by-step explanation:
2$ equals 0 Quantity
3$ equals 100 Quantity
4$ equals 200 Quantity
We can see that starting from 2$, a dollar will increase the Quantity by 100
