The following data shows the income and expenditure of employees of a factory: Income (Rs 000) Expenditure ( Rs.000) 25 20 27 21 30 25 32 27 35 30 40…
BBS Business Statistics · 2083 · Solved Question with Answer
The following data shows the income and expenditure of employees of a factory:
| Income (Rs 000) | Expenditure ( Rs.000) |
| 25 | 20 |
| 27 | 21 |
| 30 | 25 |
| 32 | 27 |
| 35 | 30 |
| 40 | 30 |
| 42 | 32 |
a. Calculate coefficient of correlation between income and expenditure.
b. Find out two regression coefficients.
c. Estimate the expenditure when income = Rs. 45 thousand.