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24-05-2023
Business

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Question 1(Marks) Find through regression analysis of Y on X, the value of Y when X was 55 in the following data: X 40 50 38 60 65 50 35 Y 38 60 55 70 60 48 30 Hence, suppose the price in Rs and the quantity demanded are given in the Table estimate through an appropriate regression plot. (i) correlation (ii) R2 (iii) Estimate the likely demand when the price is Rs.20 Price (Rs.) 10 12 13 12 16 15 Amount 40 38 43 45 37 43 demanded

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