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You are a personnel director and are interested in predicting the Number of Shares of Company...

You are a personnel director and are interested in predicting the Number of Shares of Company Stock (Y) using the Number of Years Employed with the Company (X). You randomly selected 8 employees and found that the average number of shares is 550 and the average number of years employed is 10.5. If the slope (b1) is 50.0, what is the least squares estimate of the intercept (b0)?

Select one:

40.0

25.0

None of these are correct

75.0

80.5

math   Statistics-And-Probability   
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Answer #1

intercept = ybar - slope * xbar

= 550 - 50 * 10.5

= 25

option B) is correct

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