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Please assist me with the following questions of Business
Statistics. PLEASE ROUND OFF ALL ANSWERS TO 4 DECIMAL PLACES.
Dear Expert Please Assist Me With The Following Questions Of Business Statistics Please Round Off All Answers To 4 Deci 1 (54.59 KiB) Viewed 92 times
Suppose urat you are assigned a task to investigate the relationship between selling price estion and valuation of plots sold by a local municipality. Data was obtained for a random sample often plots. Plot Selling price (N$ 000) Valuation (N$ 000) 1 120 72 N 100 68 3 140 72 4 150 70 5 155 75 6 100 50 7 150 58 00 200 90 9 80 56 10 145 70 a) Discuss the difference between correlation analysis and regression analysis. (10) b) Use the method of least squares and estimate the regression equation between selling price and valuation (15) c) Provide an interpretation for the slope coefficient. (5) d) Use the estimated regression equation and make a prediction for a value of the dependent variable when the independent variable is N$ 85 000. (5) e) Calculate and interpret the coefficient of determination. (10) f) Calculate and interpret the correlation coefficient. (5)
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