A company has 6582 to give out in bonuses. An amount is to be given out equally to each of 32 employees A manger Jake has reason
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Answer:
The answer is OPTION (D)log(y)=0.326x+0.687
<h2>Linear regression:</h2>
It is a linear model, e.g. a model that assumes a linear relationship between the input variables (x) and the single output variable (y)
The Linear regression equation for the transformed data:
We transform the predictor (x) values only. We transform the response (y) values only. We transform both the predictor (x) values and response (y) values.
(1, 13) 1.114
(2, 19) 1.279
(3, 37) 1.568
(4, 91) 1.959
(5, 253) 2.403
X Y Log(y)
1 13 1.114
2 19 1.740
3 37 2.543
4 91 3.381
5 253 4.226
Sum of X = 15
Sum of Y = 8.323
Mean X = 3
Mean Y = 1.6646
Sum of squares (SSX) = 10
Sum of products (SP) = 3.258
Regression Equation = ŷ = bX + a
b = SP/SSX = 3.26/10 = 0.3258
a = MY - bMX = 1.66 - (0.33*3) = 0.6872
ŷ = 0.3258X + 0.6872
The graph is plotted below:
The linear regression equation is log(y)=0.326x+0.687
Learn more about Linear regression equation here:
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