Solution Found!
a. For what value of c is the quantity ?(xi –
Chapter 1, Problem 68E(choose chapter or problem)
Problem 68E
a. For what value of c is the quantity ∑(xi – c)2minimized? [Hint: Take the derivative with respect to c, set equal to 0, and solve.]
b. Using the result of part (a), which of the two quantities )?
Questions & Answers
QUESTION:
Problem 68E
a. For what value of c is the quantity ∑(xi – c)2minimized? [Hint: Take the derivative with respect to c, set equal to 0, and solve.]
b. Using the result of part (a), which of the two quantities )?
ANSWER:
Answer:
Step1:
a). Given that, for what value of c is the quantity minimized.
Let S =
Differentiate with respect to ‘c’.
That is,
=
( therefore, the formula for = n)
So that,