I think you'll have to help out a bit. Do you have a book? What sort of background do you have that would bring you to having been assigned these problems?
Please solve following.
Q#1. The owner of a retailing organization is interested in the relationship between price at which a commodity is offer for sale and the quantity sold. The following sample data have been collected.
Price
25
45
30
50
35
40
65
75
70
60
Quantity
118
105
112
100
111
108
95
88
91
96
Price: 25,45,30,50,35,40,65,75,70,60
Quantity: 118,105,112,100,111,108,95,88,91,96. respectively
a)Plot a scatter diagram for the above data.
b)Using the method of least squares, determine the equation for the estimated regression line .Plot this line on the scatter diagram.
c)Also discuss the regression line.
d)Calculate the standard deviation of regression Sy.x.
Q#2:
Two dice are caste: A1 is the event that a 6 appears on at least one die, A2 is the event that a 5 appears on exactly one die and A3 is the event that same number appears on both dice.
- Are A1 and A2 independent?
- Are A2 and A3 independent?