Question

In: Statistics and Probability

Given the following values of income and consumption x 20 11 15 10 17 19 y...

Given the following values of income and consumption

x 20 11 15 10 17 19
y 5 15 14 17 8 9

a) Find the covariance

b) Find and explain the correlation

c) Determine the equation of least squares line

d) Find predicted values of Y for X = 16 & 25

Solutions

Expert Solution

from the table we calculate the mean and the sum of squares

let "m" be the slow and "n" be the Y intercept


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