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Question
In the regression equation of Y on X, byx represents slope of the line.
Options
True
False
Solution
This statement is True.
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Find the equation of the line of regression of Y on X for the following data:
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Regression equation of X on Y is_________
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The regression equation of x on y is 40x – 18y = 214 ......(i)
The regression equation of y on x is 8x – 10y + 66 = 0 ......(ii)
Solving equations (i) and (ii),
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`bary = square`
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∴ bxy = `square/square`
∴ r = `square`
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XYZ company plans to advertise some vacancies. The Manager is asked to suggest the monthly salary for these vacancies based on the years of experience. To do so, the Manager studies the years of service and the monthly salary drawn by the existing employees in the company.
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