5. (a) Why is simple linear regression important? Distinguish between linear regression and correlation. (b) Suppose that the profit of running a Computer Business depends mainly on the investment. The regression equation is given by Profit = 300 + 2.5(investment). Interpret the intercept and slop of this model. If investment amount is 2000 BDT then what amount of profit you are expecting. Interprete the slope of this model.

5. (a) Why is simple linear regression important? Distinguish between linear regression and correlation. (b) Suppose that the profit of running a Computer Business depends mainly on the investment. The regression equation is given by Profit = 300 + 2.5(investment). Interpret the intercept and slop of this model. If investment amount is 2000 BDT then what amount of profit you are expecting. Interprete the slope of this model.

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Description: 5. (a) Why is simple linear regression important? Distinguish between linear regression and correlation.(b) Suppose that the profit of running a Computer Business depends mainly on the investment.The regression equation is given by Profit = 300 + 2.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter3: Straight Lines And Linear Functions

Section3.CR: Chapter Review Exercises

Problem 15CR: Life Expectancy The following table shows the average life expectancy, in years, of a child born in...

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