Consider the bivariate data set with n = 7 observations X -4 -6 9. -8 -4 -4 Y 20 60 -10 99 -3 16 18 where a linear relationship between X and Y is investigated. The equation relating Y to X is formulated by Y = Bo + B1X + e and is called the simple linear regression equation. Use your calculator to answer the following questions. Give the values of the least squares estimates Bo Round your answer to the nearest integer. Round your answer to 3 decimal places.

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Consider the bivariate data set with n = 7 observations
X
-4
1
-6
9.
-8
-4
-4
Y
20
60
-10 99
-3
16 18
where a linear relationship between X and Y is investigated. The equation relating Y to X is formulated by
Y = Bo + B1X + e
and is called the simple linear regression equation. Use your calculator to answer the following questions.
Give the values of the least squares estimates
Bo
Round your answer to the nearest integer.
Round your answer to 3 decimal places.
Transcribed Image Text:Consider the bivariate data set with n = 7 observations X -4 1 -6 9. -8 -4 -4 Y 20 60 -10 99 -3 16 18 where a linear relationship between X and Y is investigated. The equation relating Y to X is formulated by Y = Bo + B1X + e and is called the simple linear regression equation. Use your calculator to answer the following questions. Give the values of the least squares estimates Bo Round your answer to the nearest integer. Round your answer to 3 decimal places.
b)
Give the value of the correlation coefficient, r.
Round your answer to 4 decimal places.
c)
The linear relationship between X and Y is
and
|>
Transcribed Image Text:b) Give the value of the correlation coefficient, r. Round your answer to 4 decimal places. c) The linear relationship between X and Y is and |>
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