Answered: For 10 observations on price (p) and… | bartleby

Algebra & Trigonometry with Analytic Geometry

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter7: Analytic Trigonometry

Section7.6: The Inverse Trigonometric Functions

Problem 91E

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Question

For 10 observations on price (p) and supply (S) the following data were obtained (in
appropriate units):
Σρ- 130, ES -220, Σp-2,288
Σ-5,506, ΣpS-3,467, Ν= 10
Obtain the line of regression of S on p and estimate the supply when the price is 16 units, and find out
the standard error of the estimate.

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