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(Solution Library) A researcher is interested in drawing a trend line for the cost of a vital part using regression. Note: 1994 = 0; 1995 = 1; 1996 = 2; etc. Time

Question: A researcher is interested in drawing a trend line for the cost of a vital part using regression. Note: 1994 = 0; 1995 = 1; 1996 = 2; etc.

Time (X) Cost of a part (Y)
0 (1994) 10
1 12
2 15
3 18
4 18
5 16
6 (2000) 19
7 22
8 25
9 30
10 35
11 32
12 31
13 35
14 (2008) 40

∑X = 105 ; ∑Y = 358 ; ∑XY = 3,075 ; ∑X 2 = 1,015 ; ∑ Y 2 = 9,778

Price: $2.99
Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document


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