Answer: £784.08
Step-by-step explanation:
First find 1% of 800, which is 800/100=£8
800-8= £792 after 1 year
find 1% of 792, which is 792/100=£7.92
792-7.92= £784.08
Answer:
b= -4.68
Step-by-step explanation:
Hello!
We have to study variables:
Y: Monthly coffe sales
X: Price per pound of coffe ($)
The estimate regression line is
^Yi= a + bxi ∀ (i=1,.....,10)
The slope of the estimated regression line is represented by b.
The formula I'll use to calculate it is:
b= [n∑xiyi -(∑xi)*(∑yi)]/ n∑xi²-(∑xi)²
To calculate b we need to do some auxiliary calculations:
∑xiyi= 4213.15
∑xi= 87.47
∑yi= 545
∑xi²= 883.3703
Then we replace the formula:
b= [10*4213.15-(87.47)*(545)]/ n883.3703-(87.47)²
b= -4.68
I hope you have a SUPER day!
Step-by-step explanation:
