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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

X and Y are a pair of correlated variables. Ten observations of their values (X, Y) have the following results. ∑X = 55, ∑XY = 350, ∑X2 = 385, ∑Y = 55, Predict the value of y when the value of X is 6. - Business Mathematics and Statistics

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Question

X and Y are a pair of correlated variables. Ten observations of their values (X, Y) have the following results. ∑X = 55, ∑XY = 350, ∑X2 = 385, ∑Y = 55, Predict the value of y when the value of X is 6.

Sum
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Solution

Given ∑X = 55, ∑XY = 350, ∑X2 = 385, ∑Y = 55

Regression coefficient of Y on X is

byx = `("N"sum"XY" - (sum"X")(sum"Y"))/("N".sum"X"^2 - (sum"X")^2)`

= `(10(350) - (55)(55))/(10(385) - (55)^2)`

= `(3500 - 3025)/(3850 - 3025)`

= `475/825`

= 0.576

∴ Regression line of Y on X is

`"Y" - bar"Y" = "b"_"yx"("X" - bar"X")`

Y − 5.5 = 0.576 (X − 5.5) .....`[∵ bar"X" = (sum"X")/"n" = 55/10 = 5.5; bar"Y" = (sum"Y")/"n" = 55/10 = 5.5]`

Y − 5.5 = 0.576X − 3.168

Y = 0.576X + 2.332

When X = 6, Y = 0.576(6) + 2.332

Y = 3.456 + 2.332

Y = 5.788

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Regression Analysis
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Chapter 9: Correlation and Regression Analysis - Miscellaneous Problems [Page 230]

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Samacheer Kalvi Business Mathematics and Statistics [English] Class 11 TN Board
Chapter 9 Correlation and Regression Analysis
Miscellaneous Problems | Q 7 | Page 230

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