Consider the unit labor requirements: HOME: bike 4 hours, rice 3 hours FOREIGN: bike 1 hour, rice 2 hours Question 1
11 In Home, let bike sell for Pb = $6 and rice sell for Pr = $4. Wage paid producing bike is $___. Wage paid producing rice is $___. (Round to 1 decimal place
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step-by-step explanation:

answer: 33 ( approx)

step-by-step explanation:

since, in the linear regression formula, the slope is the a in the equation y = b + ax ( by comparing it with the general equation of line y = mx + c )

where,

here given table is,

price ($), x   :           18         23       25       29       30       33

pairs sold, y :         16         13         10       8         6       2

so, ,   ,   ,

and   ,

thus, slop of the given line is,

⇒  

⇒   ≈ 33