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    Business Applications of Regressions

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    Muhammad Atiq Ur Rehman 22-FET/PHDEE/S19
    This document discusses regression lines and the formulas to calculate the slope and y-intercept of the best-fitting regression line. It provides formulas for finding the slope (m) based on the correlation (r) between the variables and their standard deviations, and for finding the y-intercept (b) based on the means and slope. It then presents 4 questions involving using regression analysis to find lines of best fit and make predictions from data sets relating various variables like age and weight, distance and customers, height and weight, and hours and production.

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    Business Applications of Regressions

    Uploaded by

    Muhammad Atiq Ur Rehman 22-FET/PHDEE/S19
    127 views2 pages
    This document discusses regression lines and the formulas to calculate the slope and y-intercept of the best-fitting regression line. It provides formulas for finding the slope (m) based on the correlation (r) between the variables and their standard deviations, and for finding the y-intercept (b) based on the means and slope. It then presents 4 questions involving using regression analysis to find lines of best fit and make predictions from data sets relating various variables like age and weight, distance and customers, height and weight, and hours and production.

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    Regressions Applications

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    This document discusses regression lines and the formulas to calculate the slope and y-intercept of the best-fitting regression line. It provides formulas for finding the slope (m) based on the correlation (r) between the variables and their standard deviations, and for finding the y-intercept (b) based on the means and slope. It then presents 4 questions involving using regression analysis to find lines of best fit and make predictions from data sets relating various variables like age and weight, distance and customers, height and weight, and hours and production.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    127 views2 pages

    Business Applications of Regressions

    Uploaded by

    Muhammad Atiq Ur Rehman 22-FET/PHDEE/S19
    This document discusses regression lines and the formulas to calculate the slope and y-intercept of the best-fitting regression line. It provides formulas for finding the slope (m) based on the correlation (r) between the variables and their standard deviations, and for finding the y-intercept (b) based on the means and slope. It then presents 4 questions involving using regression analysis to find lines of best fit and make predictions from data sets relating various variables like age and weight, distance and customers, height and weight, and hours and production.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    BBA-32, Mathematics & Statistics for Business

    Regression Lines
    Y= mX + b
    1. The mean of the x values

    2. The mean of the y values

    3. The standard deviation of the x values (denoted sx)

    4. The standard deviation of the y values (denoted sy)

    5. The correlation between X and Y (denoted r)

    Finding the slope of a regression line


    The formula for the slope, m, of the best-fitting line is

    Where r is the correlation between X and Y, and sx and sy are the standard deviations of
    the x-values and the y-values, respectively.

    Finding the y-intercept of a regression line


    The formula for the y-intercept, b, of the best-fitting line is

    are the means of the x-values and the y-values, respectively, and m is the slope.

    Question#1

    Five children aged 2, 3, 5, 7 and 8 years old weigh 14, 20, 32, 42 and 44 kilograms respectively.

    a. Find the equation of the regression line of age on weight.


    b. Based on this data, what is the approximate weight of a six year old child?
    Question#2

    The success of a shopping center can be represented as a function of the distance (in miles) from
    the center of the population and the number of clients (in hundreds of people) who will visit. The
    data is given in the table below:

    No. Customer (x) 8 7 6 4 2 1


    Distance (y) 15 19 25 23 34 40
    a. Calculate the linear correlation coefficient.
    b. If the mall is located 2 miles from the center of the population, how many customers
    should the shopping center expect?
    c. To receive 5 customers, at what distance from the center of the population should the
    shopping centre be located?

    Question#3

    The heights (in centimeters) and weight (in kilograms) of 10 basketball players on a team are:

    Height (X) 186 189 190 192 193 193 198 201 203 205
    Weight (Y) 85 85 86 90 87 91 93 103 100 101

    Calculate:

    a. The regression line of y on x.


    b. The coefficient of correlation.
    c. The estimated weight of a player who measures 208 cm.

    Question#4

    From the following data of hours worked in a factory (x) and output units (y), determine the
    regression line of y on x, the linear correlation coefficient and determine the type of correlation.

    Hours (X) 80 79 83 84 78 60 82 85 79 84 80 62
    Production (Y) 300 302 315 330 300 250 300 340 315 330 310 240

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