Home work 2

Q7: Solution in Excel:

Q8: Solution in Excel:

Q9: Solution:
When we plot the data seems to lie on a straight line so a good model is:
lnY=α+βx or Y=e α + βx

E=∑ ( α + βx−lnY ) 2

n ∑ xi
∑ xi ∑ xi

n ∑xi α ∑lnYi
∑xi ∑xi2 β = ∑xilnYi

8 7200 α -11.074
7200 8160000 β = -12777.69
α= 0.1217 , β = -0.001673
Y= e (0.1217−0.001673 x)

Q18: Solution: