Following table shows the income and expenditure of people of certain locality of small town city of Nepal. Income (000Rs) Expenditure (000 Rs) 60 22…
BBA Business Statistics · 2023 · Solved Question with Answer
Following table shows the income and expenditure of people of certain locality of small town city of Nepal.
| Income (000Rs) | Expenditure (000 Rs) |
| 60 | 22 |
| 55 | 20 |
| 54 | 15 |
| 52 | 17 |
| 48 | 25 |
| 52 | 21 |
| 53 | 16 |
| 47 | 17 |
| 49 | 18 |
| 50 | 19 |
Find out:
a. Coefficient of variations of income and expenditure and interpret the results.
b. Correlation coefficient
c. Two regression lines.
d. Estimate the expenditure of a person whose income is Rs 70 thousand.