The Following Data on Fertility Rates Were Obtained from Eurostat

question 10

Short Answer

The following data on fertility rates were obtained from Eurostat on seven European countries in 2006.The covariance between the mean age at childbearing and the total fertility rate is -0.06.Using this information and the information provided in the table below,calculate the Y-intercept and the slope and write down the linear regression equation which summarizes the relationship between these two variables.

---

Definitions:

Materials Price Variance

The variance between the real expense of direct materials utilized in manufacturing and the projected standard expense for those materials.

Direct Materials Purchased

Raw materials bought that are directly used in the manufacturing of products.

Variable Manuf. Overhead

Costs that vary with the level of production, such as indirect materials and utilities used in manufacturing.

Variable Overhead Spending Variance

The difference between actual variable overhead costs and the budgeted costs for the actual level of activity, indicating overspending or underspending.