1.1) Fitting a straight line to a set of data yields the following prediction line. caret...
1.1) Fitting a straight line to a set of data yields the following prediction line.
caret Subscript Yi=3+5Xi
a. Interpret the meaning of the Y-intercept, b0.
Choose the correct answer below.
A.The Y-intercept, b0=3,implies that the average value of Y is 3.
B.The Y-intercept, b0=3, implies that when the value of X is 0, the mean value of Y is 3.
C.The Y-intercept, b0=5, implies that when the value of X is 0, the mean value of Y is 5.
D.The Y-intercept, b0=3, implies that for each increase of 1 unit in X, the value of Y is expected to increase by 3 units.
Homework Answers
Y-intercept = 3
B.The Y-intercept, b0=3, implies that when the value of X is0, the mean value of Y is 3.
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