Question
Mathematics Question on Statistics
Consider the following data:
| Year | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|
| Sales (in crores) | 8 | 10 | 7 | 9 | 12 |
The equation of the straight line trend by the method of least squares is :
A
y=0.7+9.5x
B
y=10.3+0.5x
C
y=9.2+0.7x
D
y=11.5+0.6x
Answer
y=9.2+0.7x
Explanation
Solution
The correct option is (C):
y=9.2+0.7x