Given the following information about the production (X) and demand (Y) of a commodity, obtain the regression line of X on Y.Production (X)Demand (Y)Mean8590S.D.56Coefficient of correlation between X and Y is 0.6. Also estimate the production when de…
Q.5 (A) (ii) Given the following information about the production (X) and demand (Y) of a commodity, obtain the regression line of X on Y.
| Production (X) | Demand (Y) | |
|---|---|---|
| Mean | 85 | 90 |
| S.D. | 5 | 6 |
Coefficient of correlation between X and Y is 0.6. Also estimate the production when demand is 100.