eee d) c) a) b) Consider the following regression: Y = Bo+B₁₁ +ε There are 5 observations in the data below. As you develop answers to the questions below, show your work. Y X1 46 20.2 120 14.2 249 24.0 113 21.0 56 11.3 Compute B₁? Interpret its meaning Compute ²? Compute the predicted value at the mean of X1? Compute R²? Interpret its meaning

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 4PPS
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Question 4
Consider the following regression:
Y = Bo + BiX + E
There are 5 observations in the data below. As you develop answers to the questions below,
show your work.
Y
X1
46
20.2
120
14.2
249
24.0
113
21.0
56
11.3
a)
b)
c)
Compute B₁? Interpret its meaning
Compute ²?
Compute the predicted value at the mean of X1?
d)
Compute R²? Interpret its meaning
Transcribed Image Text:Question 4 Consider the following regression: Y = Bo + BiX + E There are 5 observations in the data below. As you develop answers to the questions below, show your work. Y X1 46 20.2 120 14.2 249 24.0 113 21.0 56 11.3 a) b) c) Compute B₁? Interpret its meaning Compute ²? Compute the predicted value at the mean of X1? d) Compute R²? Interpret its meaning
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