Question

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

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

xi 1 2 3 4 5

yi 3 7 5 11 14

a. Develop the estimated regression equation by computing the values of b0 and b1.

(To save you a lot of arithmetic, use the following facts: Σ(xi − ̄x)(yi − ̄y) = 26 and Σ(xi − ̄x)2= 10.)

b. Use the estimated regression equation to predict the value of y when x= 4.

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