find the regression equation between sales and profit
sales. profit.
10. 22
20. 25
30. 26
25. 10
15. 12
18. 15.
22. 16
35. 29
42. 40
Answers
Answer:
Step-by-step explanation:
By Regression analysis one can develop a mathematical model that can be used to predict one variable by using another variable or variables.
"Given:
The sales and the corresponding profit data.
Solution:
Concept: “Regression is used to find a variable using a developed relationship with other variable”
Rearrange the order;
Sales Profit
10 22
15 12
18 15
20 25
22 16
25 10
30 26
35 29
42 40
Following are the relationship equations between sales (x) and profit (y).
i. 2x + 2 = 22
ii. 2x – 8 = 12
iii. 2x – 21 = 15
iv. 2x – 15 = 25
v. 2x – 28 = 16
vi. 2x – 40 = 10
vii. 2x – 34 = 26
viii. 2x – 41 = 29
ix. 2x – 44 = 40"