Question

What is the calculated value that represents the unexplained variation Calculate when y hat = 9,500...

What is the calculated value that represents the unexplained variation Calculate when y hat = 9,500 – 250(x) when age = 10, 15, 20, and 22 with an asking price of $8,000 6,000, 5,000 and 4,200 respectively A. 6,727,500 B. 1,352,500 C. 800,080 D. 23,200

Homework Answers

Answer #1
x y
10 8000 7000 1000 1000000
15 6000 5750 250 62500
20 5000 4500 500 250000
22 4200 4000 200 40000
∑Xi=67 ∑Yi=23200

So,OPPTION(B)=1,352,500

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