Answer: The original price of washing machine is $250.
Step-by-step explanation:
Since we have given that
Rate of decline in normal prices = 17%
Amount of normal price reduced by = $42.50
Let the original price be x
According to question,
Hence, The original price of washing machine is $250.
Answer:
Hence the adjusted R-squared value for this model is 0.7205.
Step-by-step explanation:
Given n= sample size=20
Total Sum of square (SST) =1000
Model sum of square(SSR) =750
Residual Sum of Square (SSE)=250
The value of R ^2 for this model is,
R^2 = \frac{SSR}{SST}
R^2 = 750/1000 =0.75
Adjusted :
Where k= number of regressors in the model.