Compute the least-squares regression line for predicting the 2012 budget from the 2006 budget. Round the slope and yintercept to at least four decimal places. Government funding: The following table presents the budget (in millions of dollars) for selected organizations that receivedU.S. government funding for arts and culture in both 2006 and 2012.Organization20062012Advisory Council on Historic PreservationCommission of Fine ArtsNational Endowment for the Arts124146National Endowment for the Humanities142146Institute of Museum and Library Services247232Source: National Endowment for the ArtsSend data to Excel Compute the least-squares regression line for predicting the 2012 budget from the 2006 budget. Round the slope and y-intercept to at least four decimal places.Regression line equation: y%3D

We have given that, 2006 (X) :- 5, 2, 124, 142, 247 2012 (Y) :- 6, 2, 146, 146, 232 Then, We will…

Answered: Compute the least-squares regression…

Compute the least-squares regression line for predicting the 2012 budget from the 2006 budget. Round the slope and y intercept to at least four decimal places.

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Question

Compute the least-squares regression line for predicting the 2012 budget from the 2006 budget. Round the slope and y intercept to at least four decimal places.

Government funding: The following table presents the budget (in millions of dollars) for selected organizations that received
U.S. government funding for arts and culture in both 2006 and 2012.
Organization
2006
2012
Advisory Council on Historic Preservation
Commission of Fine Arts
National Endowment for the Arts
124
146
National Endowment for the Humanities
142
146
Institute of Museum and Library Services
247
232
Source: National Endowment for the Arts
Send data to Excel

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