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The following table shows the year of service and monthly income (thousand Rs) of the workers in a factory: year 5 8 7 9 11 10 12 Income (000 Rs) 6 9…

BBA Business Mathematics - I · 2023 · Solved Question with Answer

The following table shows the year of service and monthly income (thousand Rs) of the workers in a factory:

year 5 8 7 9 11 10 12
Income (000 Rs) 6 9 8 10 12 11

14

Obtain the equation of straight line by least square method. Also estimate the income of the workers who have served for 13 years and 15 years.

Solution

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