The estimated regression equation for a model involving two independent variables and 10 observations follows. ŷ = 30.5304 + 0.3088x₁ +0.7485x2 a. Interpret b₁ and b2 in this estimated regression equation (to 4 decimals). b₁ = y changes by 0.3088 when x1 increases by 1 unit and x2 stays the same b₂ y changes by 0.3088 when x1 increases by 1 unit and x2 stays the same b. Estimate y when *₁ = 180 and 2 = 310 (to 3 decimals).

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The estimated regression equation for a model involving two independent variables and 10 observations follows.
ŷ = 30.5304 + 0.3088x₁ +0.7485x2
a. Interpret b₁ and b2 in this estimated regression equation (to 4 decimals).
b₁
=
y changes by 0.3088 when x1 increases by 1 unit and x2 stays the same
b₂
y changes by 0.3088 when x1 increases by 1 unit and x2 stays the same
b. Estimate y when *₁ = 180 and 2 = 310 (to 3 decimals).
Transcribed Image Text:The estimated regression equation for a model involving two independent variables and 10 observations follows. ŷ = 30.5304 + 0.3088x₁ +0.7485x2 a. Interpret b₁ and b2 in this estimated regression equation (to 4 decimals). b₁ = y changes by 0.3088 when x1 increases by 1 unit and x2 stays the same b₂ y changes by 0.3088 when x1 increases by 1 unit and x2 stays the same b. Estimate y when *₁ = 180 and 2 = 310 (to 3 decimals).
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