Given a collection of paired sample​ data, the​ ____________________ ModifyingAbove y with caretyequals=b0plus+b1x algebraically describes t

Question

Given a collection of paired sample​ data, the​ ____________________ ModifyingAbove y with caretyequals=b0plus+b1x algebraically describes the relationship between the two​ variables, x and y.

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Ella 3 weeks 2021-09-24T16:07:59+00:00 1 Answer 0

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    2021-09-24T16:09:02+00:00

    Answer:

    y, x are variables

    b₀ and b₁ are constants

    Step-by-step explanation:

    If y=b₀+b₁x where x and y are variables.

    The variable y is the sum of a constant b₀ and varies directly with variable x where b₁ is the constant of proportionality of x with y.

    The higher the value of x, the higher the value of y.

    A typical example of this is applied in the case of a Sales Person whose take home is dependent on a base Salary and the Monthly Volume of Sales. The base salary is the constant b₀ and the Monthly volume of sales is x where b₁ will be the rate of commission on sales.

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45:7+7-4:2-5:5*4+35:2 =? ( )