Essay
THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
It was hypothesized that the number of bottles of an imported premium beer sold per evening in the restaurants of a city depends linearly on the average costs of meals in the restaurants.The following results were obtained for a sample of n = 20 restaurants,of approximately equal size,
= 30.0,
= 18.8,
= 412,
= 212
Where,y = Number of bottles sold per evening and x = Average costs,in dollars,of a meal.
-Determine the sample regression line.
Correct Answer:

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b1 =
/
= 212/412 = 0.5146
b...View Answer
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Correct Answer:
Verified
/
= 212/412 = 0.5146
b...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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