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    Calculation of Regression Coefficients

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    It is hypothesized that the number of bottles of an imported premium beer sold in city restaurants depends linearly on the average cost of meals in these restaurants. The following results were obtained for a sample of n = 20 restaurants of approximately equal size:
    x = 30
    y = 18.8
    Var(x) = 412
    Cov(x,y) = 212

    Where:
    y = Number of bottles of important premium beer sold
    x = Average cost, in dollars, of a meal

    Please show how to calculate for regression coefficients.

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    https://brainmass.com/statistics/correlation-and-regression-analysis/calculation-regression-coefficients-592038

    Solution Summary

    The solution provides a step by step method for the calculation of regression coefficients.

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