Correlation and RegressionMCQMTP March 21Question 3742 of 188
All Questions

If y=3x+4\displaystyle y = 3x + 4 is the regression line y\displaystyle y on x\displaystyle x and the arithmetic mean of x\displaystyle x is 1\displaystyle -1, what is the arithmetic mean of y\displaystyle y?

Options

A1\displaystyle 1
B1\displaystyle -1
C7\displaystyle 7
DNone of these
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option a1\displaystyle 1

All Options:

  • A1\displaystyle 1
  • B1\displaystyle -1
  • C7\displaystyle 7
  • DNone of these

Ad

Detailed Solution & Explanation

**Given Data:** - Regression line of y\displaystyle y on x\displaystyle x: y=3x+4\displaystyle y = 3x + 4 - Arithmetic mean of x\displaystyle x, barx=1\displaystyle \\bar{x} = -1 **Step 1: Property of Regression Lines Passing Through the Means** A fundamental property of regression lines is that they always pass through the mean of the data points, (barx,bary)\displaystyle (\\bar{x}, \\bar{y}). Therefore, the point (barx,bary)\displaystyle (\\bar{x}, \\bar{y}) must satisfy the regression equation: bary=3barx+4\\bar{y} = 3\\bar{x} + 4 **Step 2: Calculate the Arithmetic Mean of y\displaystyle y (bary\displaystyle \\bar{y})** Substitute barx=1\displaystyle \\bar{x} = -1 into the equation: bary=3(1)+4\\bar{y} = 3(-1) + 4 bary=3+4\\bar{y} = -3 + 4 bary=1\\bar{y} = 1 Hence, **Option A** is the correct answer.

About This Chapter: Correlation and Regression

Paper

Paper 3: Quantitative Aptitude

Weightage

4-6 Marks

Key Topics

Correlation Coefficient, Regression Equations

This chapter covers Correlation Coefficient, Regression Equations and is part of Paper 3: Quantitative Aptitude in the CA Foundation exam.

View Official ICAI Syllabus

Exam Strategy Tip

This topic carries 4-6 Marks weightage. Focus on understanding core concepts rather than memorizing.

Key Concepts to Understand

Related Comparison Tables

More Questions from Correlation and Regression

Ready to Master Correlation and Regression?

Practice all 188 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free