2. Based on the data set of Problem 1, find the best point-estimate of the volume of the foam, when the temperature of the vinegar is 65°F. For an extra credit, back up your computation visually, by presenting the scatter plot and the regression line.

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.