Linear Regression. Calculate r (the correlation coefficient), m, b, and as follows:

1.Clear the statistical registers by pressing \t.

2.Enter the first x-value and press Æ. The x-value is displayed.

3.Enter the corresponding y-value and press ¡. The HP 10bII+ displays n, the number of pairs of items accumulated.

4.Continue entering x,y pairs. The n-value is increased with each entry.

5.To display r, the correlation coefficient, press \Z\«.

6.To display m, the slope, press \W\«.

7.To display b (the y-intercept), press \T\«.

Linear Estimation. The straight line calculated by linear regression can be used to estimate a y-value for a given x-value, or vice versa:

1.Enter the x,y data.

2.Enter the known x-value or y-value.

To estimate x for the given y, enter the y-value, then press \Z.

To estimate y for the given x, enter the x-value, then press \W.

Example: 4

Ali’s Azaleas advertises on a local radio station. For the past six weeks, the manager has kept records of the number of minutes of advertising that were purchased, and the sales for that week.

Table 12-9 Recording the number of minutes of the advertisements and sales

Week

Minutes of Advertising

Sales

(x-values)

(y-values)

 

 

 

 

1

2

1,400

 

 

 

2

1

920

 

 

 

3

3

1,100

 

 

 

4

5

2,265

 

 

 

5

5

2,890

 

 

 

6

4

2,200

 

 

 

What is the y-intercept, the slope, and the correlation coefficient?

122 Statistical Calculations

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HP 10bII+ Financial manual 400

10bII+ Financial specifications

The HP 10bII+ Financial Calculator is a versatile and powerful tool designed to meet the needs of finance students, professionals, and anyone involved in financial planning and analysis. Known for its compactness and user-friendly interface, this calculator incorporates a range of features specifically tailored for financial calculations, making it an essential gadget for banking, real estate, and investment analysis.

At the heart of the HP 10bII+ is its ability to perform a wide variety of financial functions, including time value of money calculations, cash flow analysis, bond pricing, and depreciation. Its built-in functions facilitate the computation of interest rates, present and future values, net present value (NPV), internal rate of return (IRR), and annuities. This array of functionalities allows users to tackle complex financial problems with ease.

One of the standout technologies in the HP 10bII+ is its RPN (Reverse Polish Notation) input system, which allows for efficient data entry and calculation. Users can perform consecutive calculations without the need for parentheses, streamlining the process significantly. Alternatively, the calculator can also function with a standard algebraic input, catering to different user preferences.

The design of the HP 10bII+ is sleek and compact, making it highly portable and easy to handle. With a large, easy-to-read display, it ensures that users can view their calculations clearly, even in low-light environments. The keys are well-spaced and tactile, allowing for a comfortable typing experience during intensive calculations.

The calculator also offers a range of memory functions, enabling users to store and recall important values easily. This is particularly useful for financial professionals who must deal with multiple calculations and refer back to previous results frequently.

Additionally, the HP 10bII+ is powered by two AAA batteries, providing a long battery life that ensures reliability during extended use. It also features an automatic shut-off function, which conserves battery life when the calculator is not in use.

In summary, the HP 10bII+ Financial Calculator is a high-performance device that combines essential financial functions with user-friendly design and robust technology. Whether for educational purposes or professional finance work, its capabilities make it an invaluable asset for anyone dealing with financial calculations and decision-making.