Question: A research was carried out to study the relationship between inflation rate and unemployment rate.The data were summarized in thetable below: Inflation Rate Unemployment Rate

A research was carried out to study the relationship between inflation rate and unemployment rate.The data were summarized in thetable below:

Inflation Rate Unemployment Rate
4.5 9.5
2.3 4.5
3.6 6.7
6.6 10.2
0.8 2.6
1.7 3.2
2.7 5.2

Construct a simple linear regression equation of the two variable. Which one is correct?

a) Y'= 5.2983 + 5.4780 X

b)Y'= 0.2983 + 1.4780 X

c)Y'= 1.2983 + 1.4780 X

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