Recently research efforts have focused on the problem of


In the situation of given problem, test for the existence of a linear relationship between the two variables.

Problem
Recently, research efforts have focused on the problem of predicting a manufacturer's market share by using information on the quality of its product. Suppose that the following data are available on market share, in percentage (Y ), and product quality, on a scale of 0 to 100, determined by an objective evaluation procedure (X ):

X: 27 39 73 66 33 43 47 55 60 68 70 75 82
Y:  2   3 10  9   4   6   5   8   7  9  10 13 12

Estimate the simple linear regression relationship between market share and product quality rating.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Recently research efforts have focused on the problem of
Reference No:- TGS02178182

Expected delivery within 24 Hours