Fitting a straight line to a set of data yields the following prediction line:             Yi = 16 - 0.5Xi   Interpret the meaning of the Y intercept, b0. Interpret the meaning of the slope, b1. Predict the value of Y for X = 6.

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Fitting a straight line to a set of data yields the following prediction line:

           

Yi = 16 - 0.5Xi

 

  1. Interpret the meaning of the Y intercept, b0.
  2. Interpret the meaning of the slope, b1.
  3. Predict the value of Y for X = 6.
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