Describing name of parts of regression equation

Reference no: EM1311615

Q1) Mr. Allen Profit is examining companies going public for first time. He is examining companies going for first time. He is particularly interested in relationship between Sales, (X), and the /units sold,(Y). A sample of 10 companies which recently revealed 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) Interpret the meaning of b₁.

b) Write down the name of 4 parts of the regression equation.

c) What is another name of r² since r² is the symbol?

d) Complete table and sum each column.

Reference no: EM1311615

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