Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 1 - Section 1.4 - Linear Regression - Exercises - Page 103: 21a

Answer

$I=44S-220$

Work Step by Step

The regression line is $\qquad y=mx+b$, where $m$ and $b$ are computed as follows. $m=\displaystyle \frac{n(\sum xy)-(\sum x)(\sum y)}{n(\sum x^{2})-(\sum x)^{2}}\qquad b=\frac{\sum y-m(\sum x)}{n},$ $n=$ number of data points. $\left[\begin{array}{lllll} & S & I & SI & S^{2}\\ & & & & \\ \hline & 10 & 200 & 2000 & 100\\ & 15 & 500 & 7500 & 225\\ & 20 & 600 & 12,000 & 400\\ & 25 & 900 & 22,500 & 625\\ \hline & & & & \\ \sum & 70 & 2200 & 44,000 & 1350\\ & & & & \end{array}\right]$ $m=\displaystyle \frac{4(44,000)-(70)(2200)}{4(1350)-(70)^{2}} =44$ $b=\displaystyle \frac{2200-44(70)}{4}=-220$ $I=44S-220$
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