An economist desires to estimate a line that relates personal disposable income (DI) to consumption expenditures (CE).

Question:

An economist desires to estimate a line that relates personal disposable income (DI) to consumption expenditures (CE). Both DI and CE are in thousands of dollars. The following gives the data for a random sample of nine households of size four.

(a) Calculate the least-squares regression line for these data.
(b) Plot the points and the least-squares regression line on the same graph.

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Mathematical Statistics With Applications In R

ISBN: 9780124171138

2nd Edition

Authors: Chris P. Tsokos, K.M. Ramachandran

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Question Posted: Nov 23, 2015 03:58 AM

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An economist desires to estimate a line that relates personal disposable income (DI) to consumption expenditures (CE).

Question:

Dl 25 22 19 36 40 47 28 52 60 CE 21 20 7 2834 4 25 45 51

Step by Step Answer:

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Mathematical Statistics With Applications In R

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