Correlation and RegressionMCQMTP Dec 22 Series IQuestion 3765 of 188
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If the regression equation of two variables are 5xy=4\displaystyle 5x - y = 4 and 3x2y=1\displaystyle 3x - 2y = 1. Find the arithmetic means of x\displaystyle x and y\displaystyle y

Options

A2,1\displaystyle 2, 1
B2,2\displaystyle 2, 2
C1,1\displaystyle 1, 1
DCannot be determined
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Correct Answer

Option c1,1\displaystyle 1, 1

All Options:

  • A2,1\displaystyle 2, 1
  • B2,2\displaystyle 2, 2
  • C1,1\displaystyle 1, 1
  • DCannot be determined

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Detailed Solution & Explanation

We know that the two regression lines always intersect at the point of their arithmetic means, (barx,bary)\displaystyle (\\bar{x}, \\bar{y}). Therefore, to find the arithmetic means, we solve the two regression equations simultaneously: 1) 5barxbary=4\displaystyle 5\\bar{x} - \\bar{y} = 4 2) 3barx2bary=1\displaystyle 3\\bar{x} - 2\\bar{y} = 1 From equation (1), we can express bary\displaystyle \\bar{y} in terms of barx\displaystyle \\bar{x}: bary=5barx4\displaystyle \\bar{y} = 5\\bar{x} - 4 Substitute this expression for bary\displaystyle \\bar{y} into equation (2): 3barx2(5barx4)=1\displaystyle 3\\bar{x} - 2(5\\bar{x} - 4) = 1 3barx10barx+8=1\displaystyle 3\\bar{x} - 10\\bar{x} + 8 = 1 7barx+8=1\displaystyle -7\\bar{x} + 8 = 1 7barx=18\displaystyle -7\\bar{x} = 1 - 8 7barx=7\displaystyle -7\\bar{x} = -7 barx=1\displaystyle \\bar{x} = 1 Now, substitute barx=1\displaystyle \\bar{x} = 1 back into the expression for bary\displaystyle \\bar{y}: bary=5(1)4=1\displaystyle \\bar{y} = 5(1) - 4 = 1 Thus, the arithmetic means are barx=1\displaystyle \\bar{x} = 1 and bary=1\displaystyle \\bar{y} = 1, representing the pair (1,1)\displaystyle (1, 1). Hence, **Option C** 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

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