13.3 esc- Save & Exit Certify Lesson: 13.3 Evaluating the Fit of the Linea...Question 1 of 3, Step 2 of 6=The table below gives the number of hours five randomly selected students spent studying and their corresponding midterm exam grades. Using this data, consider theequation of the regression line, bo + b₁x, for predicting the midterm exam grade that a student will earn based on the number of hours spent studying. Keep inmind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression lineto make a prediction if the correlation coefficient is not statistically significant.Step 2 of 6: Find the estimated y-intercept. Round your answer to three decimal places.AnswerHow to enter your answer (opens in new window)C10F1© 2023 Hawkes LearningF280F3000000F4Hours Studying 1 2 3 4 6Midterm Grades 63 64 82 93980/18CorrectF5m ♫+F6e tvMacBook AiraaaF7ADIIF8F9JBRAINI CONLANTablesF10KeypadKeyboard ShortcutszoomCopy DataPrevious step answersTableSubmit AnswerI34)cricutF11+F12

Solution:Let X be the hours studying and Y be the grades.The given data is XY163264382493698Procedure:Enter the data in excel.Click on Data>Data analysis>Regression.Enter the Y column in input Y range ;Enter the X column in input X range :Check on labels.Click on ok.Output:From the above output, the coefficient of intercept is 54.703 and the coefficient of X is 7.905Then, the regression equation isyhat = 54.703+7.905(x)The estimated y-intercept is 54.703therefore The estimated y-intercept is 54.703