Math Problem Statement
Consider the following variables for X and y X / y 2 / 4 3 / 5 4 / 4 5 / 6 7 / 4 7 / 6 7 / 9 8 / 5 9 / 11 Perform a logarithmic transformation on the dependent variable y. Develop an estimated regression equation using the transformed dependent variable
Solution
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Math Problem Analysis
Mathematical Concepts
Logarithmic Transformation
Linear Regression
Natural Logarithm
Formulas
ln(y) = a + bX
Natural logarithm: ln(y)
Least squares method
Theorems
Linear Regression Theorem
Suitable Grade Level
College level
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