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In a study on the relationship between i...

In a study on the relationship between in vesestment (X) and profit (Y), the following two regression equations were obtained based on the data on X and Y
`3X+Y-12=0`
`X+2Y-14=0`
What is the mean `barX` ?

A

6

B

5

C

4

D

2

Text Solution

AI Generated Solution

The correct Answer is:
To find the mean \( \bar{X} \) from the given regression equations, we will follow these steps: ### Step 1: Write down the regression equations The two regression equations provided are: 1. \( 3X + Y - 12 = 0 \) 2. \( X + 2Y - 14 = 0 \) ### Step 2: Substitute \( \bar{X} \) and \( \bar{Y} \) Since the regression equations pass through the point \( (\bar{X}, \bar{Y}) \), we can substitute \( \bar{X} \) and \( \bar{Y} \) into both equations: 1. \( 3\bar{X} + \bar{Y} - 12 = 0 \) (Equation 1) 2. \( \bar{X} + 2\bar{Y} - 14 = 0 \) (Equation 2) ### Step 3: Rearranging the equations From Equation 1: \[ 3\bar{X} + \bar{Y} = 12 \quad \text{(1)} \] From Equation 2: \[ \bar{X} + 2\bar{Y} = 14 \quad \text{(2)} \] ### Step 4: Solve for \( \bar{Y} \) in terms of \( \bar{X} \) From Equation (1): \[ \bar{Y} = 12 - 3\bar{X} \quad \text{(3)} \] ### Step 5: Substitute \( \bar{Y} \) in Equation (2) Now substitute Equation (3) into Equation (2): \[ \bar{X} + 2(12 - 3\bar{X}) = 14 \] Expanding this gives: \[ \bar{X} + 24 - 6\bar{X} = 14 \] Combining like terms: \[ -5\bar{X} + 24 = 14 \] ### Step 6: Solve for \( \bar{X} \) Now, isolate \( \bar{X} \): \[ -5\bar{X} = 14 - 24 \] \[ -5\bar{X} = -10 \] \[ \bar{X} = \frac{-10}{-5} = 2 \] ### Conclusion Thus, the mean \( \bar{X} \) is: \[ \bar{X} = 2 \]

To find the mean \( \bar{X} \) from the given regression equations, we will follow these steps: ### Step 1: Write down the regression equations The two regression equations provided are: 1. \( 3X + Y - 12 = 0 \) 2. \( X + 2Y - 14 = 0 \) ### Step 2: Substitute \( \bar{X} \) and \( \bar{Y} \) ...
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