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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