The marketing Department of Verohay's Company found that profit generated by the depends on the expenditure on research & development (R&D). The table below provide a сompany summary of the data. Profit (M | 80 60 40 | 25 70 10 100 5 R& D (X) 20 15 12 8 16 6 30 2 10 | 25 Using a lincar regression equation of the form Y - a + BX + e (a) Find the Values of (a) and (B). (b) Calculate the coeflicient of determination and interpret it. (c) Calculate the correlation coeflicient and interpret it.

Elementary Linear Algebra (MindTap Course List)
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ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
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The marketing Department of Verohay's Company found that profit generated by the
depends on the expenditure on research & development (R&D). The 1table below provide a
сompany
summary of the data.
Profit (Y)
80 60 40 25 70 10 100 5
50 | 90
R& D (X)
20 | 15
12 | 8
16
30
2
10 | 25
Using a lincar regression equation of the form Ya + ßX + e
(a) Find the Values of (a) and (B) .
(b) Calculate thc cocflicient of determination and interpret it.
(c) Calculate the correlation coefficient and interpret it.
Transcribed Image Text:The marketing Department of Verohay's Company found that profit generated by the depends on the expenditure on research & development (R&D). The 1table below provide a сompany summary of the data. Profit (Y) 80 60 40 25 70 10 100 5 50 | 90 R& D (X) 20 | 15 12 | 8 16 30 2 10 | 25 Using a lincar regression equation of the form Ya + ßX + e (a) Find the Values of (a) and (B) . (b) Calculate thc cocflicient of determination and interpret it. (c) Calculate the correlation coefficient and interpret it.
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