Question

The following table shows the hot dogs bought from a street vendor over the course of eight days (Demand). Also shown is the
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Answer #1

Solution-:

By using R-Software:

> X=c(19,13,22,18,5,13,17,21);X
[1] 19 13 22 18 5 13 17 21
> Y=c(47,30,35,42,20,21,44,34);Y
[1] 47 30 35 42 20 21 44 34
> #(a)For regression equation
> fit=lm(Y~X);fit

Call:
lm(formula = Y ~ X)

Coefficients:
(Intercept) X
13.49 1.29

> #The estimated equation of the line of regression of Y on X is: Y= m*X+b or y=a+b*X
> #The estimated equation of the line of regression of Y on X is:Y=13.49+1.29*X

R-Code:

X=c(19,13,22,18,5,13,17,21);X
Y=c(47,30,35,42,20,21,44,34);Y
#(a)For regression equation
fit=lm(Y~X);fit
#The estimated equation of the line of regression of Y on X is: Y= b+m*X or y=a+b*X
#The estimated equation of the line of regression of Y on X is:Y=13.49+1.29*X   

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