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

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Author:Amos Gilat
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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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