Question 1. Data were collected to see whether booked time (Y) for installation jobs is related to actual time (X) in a management accounting system. Data for 10 jobs are available and the summary statistics are given in Table 1 below. Table 1: Σ Σ Σ 1(-7) Σ1 - 3) Σ1 (24 - 2)(3 - 3) 1468 1440 29173.6 23040 22368 Find the least square estimates of 30 and 31 (rounding the number results to 2 decimal places).

Question 1. Data were collected to see whether booked time (Y) for installation jobs is related to actual time (X) in a management accounting system. Data for 10 jobs are available and the summary statistics are given in Table 1 below. Table 1: Σ Σ Σ 1(-7) Σ1 - 3) Σ1 (24 - 2)(3 - 3) 1468 1440 29173.6 23040 22368 Find the least square estimates of 30 and 31 (rounding the number results to 2 decimal places).

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section4.3: Fitting Linear Models To Data

Problem 24SE: Table 6 shows the year and the number ofpeople unemployed in a particular city for several years....

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