Question

The 1991 exports and imports by industry code are given in the following table. What is the approximate slope coefficient estimate b of the regression of exports as a function of imports?

SIC Code	Exports (millions of dollars)	Imports (millions of dollars)
3088	20	27
3261	41	74
3272	24	70
3275	54	32
3296	85	30
3441	54	22
3448	72	25

Question 15 options:

A)

–0.5.

B)

–5.0.

C)

–0.3.

D)

–3.0.

E)

0.4.

Answer 1

So as shown by regression model slope coefficient is - 0.5.

Hence (A) part is a correct answer