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Jorgenson Corporation has provided the following data for the first five months of the year Machine Hours 275 January Februar
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Answer: $.96

(x-x ̅ ) (y-y ̅ ) ∑(x-x ̅ ) * (y-y ̅ )
January 275 1535 422125
February 345 1650 569250
March 420 1765 741300
April 335 1699 569165
May 380 1725 655500
∑(x-x ̅ ) = 1755 ∑(x-x ̅ ) * (y-y ̅ ) 2957340
∑(x-x ̅ ) ^2    = 3080025
Let's remind ourselves of the equation we need to calculate b.
(∑(x-x ̅ ) * (y-y ̅ ) )/∑(x-x ̅ ) ^2
= 2957340/3080025 $               0.96
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