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प्रश्न
Given the following information about the production and demand of a commodity.
Obtain the two regression lines:
| ADVERTISEMENT (x) (₹ in lakhs) |
DEMAND (y) (₹ in lakhs) |
|
| Mean | 10 | 90 |
| Variance | 9 | 144 |
Coefficient of correlation between x and y is 0.8.
What should be the advertising budget if the company wants to attain the sales target of ₹ 150 lakhs?
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उत्तर
Given, `bar(x)` = 10, `bar(y)` = 90, `sigma_x^2` = 9, `sigma_y^2` = 144, r = 0.8
∴ `sigma_x` = 3, `sigma_y` = 12
byx = `"r" sigma_y/sigma_x = 0.8 xx 12/3` = 0.8 × 4 = 3.2
bxy = `"r" sigma_x/sigma_y = 0.8 xx 3/12` = 0.8 × 0.25 = 0.2
The regression equation of Y on X is
`("Y" - bary) = "b"_(yx) ("X" - barx)`
∴ (Y – 90) = 3.2 (X – 10)
∴ Y – 90 = 3.2 X – 32
∴ Y = 3.2 X – 32 + 90
∴ Y = 3.2 X + 58 ......(i)
The regression equation of X on Y is
`("X" - barx) = "b"_(xy) ("Y" - bary)`
∴ (X – 10) = 0.2 (Y – 90)
∴ X – 10 = 0.2 Y – 18
∴ X = 0.2 Y – 18 + 10
∴ X = 0.2 Y – 8 ......(ii)
When the company wants to attain the sales target of ₹ 150 lakhs,
Put Y = 150 lakh in equation (ii)
∴ X = 0.2 × 150 – 8 = 30 – 8 = 22
∴ The advertising budget should be ₹ 22 lakhs if the company wants to attain the sales target of ₹ 150 lakhs.
संबंधित प्रश्न
For bivariate data. `bar x = 53`, `bar y = 28`, byx = −1.2, bxy = −0.3. Find the correlation coefficient between x and y.
You are given the following information about advertising expenditure and sales.
| Advertisement expenditure (₹ in lakh) (X) |
Sales (₹ in lakh) (Y) | |
| Arithmetic Mean | 10 | 90 |
| Standard Mean | 3 | 12 |
Correlation coefficient between X and Y is 0.8
- Obtain the two regression equations.
- What is the likely sales when the advertising budget is ₹ 15 lakh?
- What should be the advertising budget if the company wants to attain sales target of ₹ 120 lakh?
Bring out the inconsistency in the following:
bYX = 1.9 and bXY = - 0.25
Given the following information about the production and demand of a commodity obtain the two regression lines:
| X | Y | |
| Mean | 85 | 90 |
| S.D. | 5 | 6 |
The coefficient of correlation between X and Y is 0.6. Also estimate the production when demand is 100.
The following data about the sales and advertisement expenditure of a firms is given below (in ₹ Crores)
| Sales | Adv. Exp. | |
| Mean | 40 | 6 |
| S.D. | 10 | 1.5 |
Coefficient of correlation between sales and advertisement expenditure is 0.9.
Estimate the likely sales for a proposed advertisement expenditure of ₹ 10 crores.
For certain bivariate data the following information is available.
| X | Y | |
| Mean | 13 | 17 |
| S.D. | 3 | 2 |
Correlation coefficient between x and y is 0.6. estimate x when y = 15 and estimate y when x = 10.
From the two regression equations, find r, `bar x and bar y`. 4y = 9x + 15 and 25x = 4y + 17
For bivariate data, the regression coefficient of Y on X is 0.4 and the regression coefficient of X on Y is 0.9. Find the value of the variance of Y if the variance of X is 9.
For a bivariate data, `bar x = 53`, `bar y = 28`, byx = −1.5 and bxy = −0.2. Estimate y when x = 50.
The following results were obtained from records of age (X) and systolic blood pressure (Y) of a group of 10 men.
| X | Y | |
| Mean | 50 | 140 |
| Variance | 150 | 165 |
and `sum (x_i - bar x)(y_i - bar y) = 1120`. Find the prediction of blood pressure of a man of age 40 years.
If bYX = − 0.6 and bXY = − 0.216, then find correlation coefficient between X and Y. Comment on it.
Choose the correct alternative:
If the regression equation X on Y is 3x + 2y = 26, then bxy equal to
Choose the correct alternative:
Find the value of the covariance between X and Y, if the regression coefficient of Y on X is 3.75 and σx = 2, σy = 8
Choose the correct alternative:
If r = 0.5, σx = 3, σy2 = 16, then bxy = ______
Choose the correct alternative:
Both the regression coefficients cannot exceed 1
State whether the following statement is True or False:
If u = x – a and v = y – b then bxy = buv
Corr(x, x) = 1
If n = 5, ∑xy = 76, ∑x2 = ∑y2 = 90, ∑x = 20 = ∑y, the covariance = ______
|bxy + byx| ≥ ______
The value of product moment correlation coefficient between x and x is ______
byx is the ______ of regression line of y on x
If n = 5, Σx = Σy = 20, Σx2 = Σy2 = 90 , Σxy = 76 Find Covariance (x,y)
| x | y | `x - barx` | `y - bary` | `(x - barx)(y - bary)` | `(x - barx)^2` | `(y - bary)^2` |
| 1 | 5 | – 2 | – 4 | 8 | 4 | 16 |
| 2 | 7 | – 1 | – 2 | `square` | 1 | 4 |
| 3 | 9 | 0 | 0 | 0 | 0 | 0 |
| 4 | 11 | 1 | 2 | 2 | 4 | 4 |
| 5 | 13 | 2 | 4 | 8 | 1 | 16 |
| Total = 15 | Total = 45 | Total = 0 | Total = 0 | Total = `square` | Total = 10 | Total = 40 |
Mean of x = `barx = square`
Mean of y = `bary = square`
bxy = `square/square`
byx = `square/square`
Regression equation of x on y is `(x - barx) = "b"_(xy) (y - bary)`
∴ Regression equation x on y is `square`
Regression equation of y on x is `(y - bary) = "b"_(yx) (x - barx)`
∴ Regression equation of y on x is `square`
Mean of x = 53
Mean of y = 28
Regression coefficient of y on x = – 1.2
Regression coefficient of x on y = – 0.3
a. r = `square`
b. When x = 50,
`y - square = square (50 - square)`
∴ y = `square`
c. When y = 25,
`x - square = square (25 - square)`
∴ x = `square`
The regression equation of y on x is 2x – 5y + 60 = 0
Mean of x = 18
`2 square - 5 bary + 60` = 0
∴ `bary = square`
`sigma_x : sigma_y` = 3 : 2
∴ byx = `square/square`
∴ byx = `square/square`
∴ r = `square`
bXY . bYX = ______.
|bxy + byz| ≥ ______.
