Q3. For 17 observations on Price (X) and Supply (Y), the following data were obtained in appropriate units. Ev = Ex = 544 Ex = 19040 Σy- 244 Exy = 8413 a. Calculate the correlation coefficient (r) b. Calculate the intercept of the regression formula c. Calculate the slope of the regression formula d. Obtain the regression equation e. What is supply when price is 35? 3773

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
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Author:Bruce Crauder, Benny Evans, Alan Noell
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Chapter5: A Survey Of Other Common Functions
Section5.6: Higher-degree Polynomials And Rational Functions
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Q3. For 17 observations on Price (X) and Supply (Y), the
following data were obtained in appropriate units.
Σx= 544
Ex² = 19040
Ey = 244
Ev² =
Exy = 8413
a. Calculate the correlation coefficient (r)
b. Calculate the intercept of the regression formula
c. Calculate the slope of the regression formula
d. Obtain the regression equation
e. What is supply when price is 35?
3773
Transcribed Image Text:Q3. For 17 observations on Price (X) and Supply (Y), the following data were obtained in appropriate units. Σx= 544 Ex² = 19040 Ey = 244 Ev² = Exy = 8413 a. Calculate the correlation coefficient (r) b. Calculate the intercept of the regression formula c. Calculate the slope of the regression formula d. Obtain the regression equation e. What is supply when price is 35? 3773
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