Given are five observations for two variables, x and y. xi 1 2 3 4 5...

Question

Question

Given are five observations for two variables, x and y.

x_i	1	2	3	4	5
y_i	3	8	5	10	14

(d)

Develop the estimated regression equation by computing the values of b₀ and b₁ using b₁ =

Σ(x_i − x)(y_i − y)

Σ(x_i − x)²

and b₀ = y − b₁x.

ŷ =

(e) Use the estimated regression equation to predict the value of y when x = 2.

Answer 1

Answer #1

The statistical software output for this problem is :

b0 = 0.8

b1 = 2.4

$\hat y$ = 0.8 + 2.4 x

Predicted value = 5.6

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Answer 2

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