Computing coefficient of determination

Reference no: EM1311632

Q1) Mr. Allen Profit is studying companies going public for the first time. He is studying companies going for the first time. He is particularly interested in the relationship between the Sales, (X), and the /units sold,(Y). A sample of 10 companies that recently revealed the following information:

Sales(X)	14	35	22	29	6	15	17	20	12	29
Units sold(Y)	28	66	38	70	22	27	28	47	14	68
XY
Y^
e

a) What is the dependent variable in the above table?

b) Computed the value of b₀ and b₁

c) Write the regression equation approximately.

d) Computed the coefficient of determination(r²)

Reference no: EM1311632

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