A survey was conducted to study the relationship between expenditure on accommodation (X) and expenditure on...
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A survey was conducted to study the relationship between expenditure on accommodation (X) and expenditure on Food and Entertainment (Y) and the following results were obtained. Find a regression equation between expenditure on accommodation and expenditure on Food and Entertainment (1 Mark). Then use the regression equation to find the expenditure on accommodation for 90 OMR (1 Mark) and for 200 OMR (1) Mark). Expenditure on accommodation (OMR) 196 Food expenditure 175 & (OMR) 117.5 77.5 264 87.5 148 60 222 92 166 85 170 91 175 82.5 158 25 Note: Use upto 3 decimal in your answer and enter your answer in the box, also kindly upload your worked out sheet answer in link provided below. Enter the average expenditure on accommodation : Entertainment Enter the average expenditure on Food and Entertainment: Enter the equation constant b value: Enter the equation constant a value: Enter the expenditure on accommodation for OMR 90: A survey was conducted to study the relationship between expenditure on accommodation (X) and expenditure on Food and Entertainment (Y) and the following results were obtained. Find a regression equation between expenditure on accommodation and expenditure on Food and Entertainment (1 Mark). Then use the regression equation to find the expenditure on accommodation for 90 OMR (1 Mark) and for 200 OMR (1) Mark). Expenditure on accommodation (OMR) 196 Food expenditure 175 & (OMR) 117.5 77.5 264 87.5 148 60 222 92 166 85 170 91 175 82.5 158 25 Note: Use upto 3 decimal in your answer and enter your answer in the box, also kindly upload your worked out sheet answer in link provided below. Enter the average expenditure on accommodation : Entertainment Enter the average expenditure on Food and Entertainment: Enter the equation constant b value: Enter the equation constant a value: Enter the expenditure on accommodation for OMR 90:
Expert Answer:
Answer rating: 100% (QA)
Step 1 step 1 Certainly Lets break down the steps to find the regression equation and then use it to find the expenditures for X90 and X200 Explanatio... View the full answer
Related Book For
Applied Regression Analysis and Other Multivariable Methods
ISBN: 978-1285051086
5th edition
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
Posted Date:
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