Question
Fit a regression line = a+bXi by the method of Least squares to the given sample information.
Observations 1 2 3 4 5 6 7 8 9 10
Income (X)(’00 Rs)
Consumption
Expenditure(Y)(’00 Rs) 10
44 5
60 25
39 37
51 96
80 94
70 110
80 30
30 79
50 65
40
Observations 1 2 3 4 5 6 7 8 9 10
Income (X)(’00 Rs)
Consumption
Expenditure(Y)(’00 Rs) 10
44 5
60 25
39 37
51 96
80 94
70 110
80 30
30 79
50 65
40