The data below show consumption of chicken and its real price at GIMPA Consumption (Y ) 3 3.15 2.34 2.70 3.4 6.3 3.3 4.2 5. 6 3.7 Price ( X ) 12 14 4.8 13.9 14 .9 18.2 12 14.3 17 .2 16.1 Calculate viii. Predict the monthly consumption for a student with 10 Ghana cedis. ix. Compute the standard deviation of errors.
The data below show consumption of chicken and its real price at GIMPA Consumption (Y ) 3 3.15 2.34 2.70 3.4 6.3 3.3 4.2 5. 6 3.7 Price ( X ) 12 14 4.8 13.9 14 .9 18.2 12 14.3 17 .2 16.1 Calculate viii. Predict the monthly consumption for a student with 10 Ghana cedis. ix. Compute the standard deviation of errors.
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The data below show consumption of chicken and its real price at GIMPA
Consumption (Y ) 3 3.15 2.34 2.70 3.4 6.3 3.3 4.2 5. 6 3.7
Price ( X ) 12 14 4.8 13.9 14 .9 18.2 12 14.3 17 .2 16.1
Calculate
viii. Predict the monthly consumption for a student with 10 Ghana cedis.
ix. Compute the standard deviation of errors.
x. Construct a 90% confidence interval for B.
xi. Test at the 5% significance level whether B is negative.
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