- 10 Marks
QTB – May 2017 – L1 – SB – Q3b – Data Collection Analysis
Find the regression equation between QTB and FA marks and estimate values.
Question
The table below gives the scores of seven candidates in Quantitative Techniques in Business (QTB) and Financial Accounting (FA) of ICAN Professional Examination:
| QTB Marks (y) | 50 | 72 | 36 | 64 | 52 | 56 | 80 |
|---|---|---|---|---|---|---|---|
| FA Marks (x) | 38 | 51 | 19 | 53 | 39 | 38 | 66 |
You are required to:
i. Obtain the regression equation if the mark in QTB is regressed on FA. (6 Marks)
ii. Obtain the estimate of mark in QTB, if the mark in FA is 60. (2 Marks)
iii. Obtain the estimate of mark in FA, if the mark in QTB is 75. (2 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Correlation, Estimation, Regression Equation
- Level: Level 1
- Topic: Data Collection Analysis
- Series: MAY 2017
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