The following information is obtained while studying the relation… - Vidyadip

Question

The following information is obtained while studying the relation between the carpet area $($square meter$)$ and the monthly rent $($thousand $₹)$ in a city. Obtain the regression line of the monthly rent on the carpet area.
$n=50, \Sigma x=650, \Sigma y=750, \Sigma x y=10000, \Sigma x^2=8800$ and $\Sigma y^2=11000$

✓

Answer

$\hat{y}=5.77+0.71 x$

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