In Figure 1.6, suppose another Y observation is obtained at X = 45. Would E{Y} for this new observation still be 104? Would the Y value for this new case again be 108?

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In Figure 1.6, suppose another Y observation is obtained at X = 45. Would E{Y} for this new
observation still be 104? Would the Y value for this new case again be 108? 

FIGURE 1.6
Illustration of
Simple Linear
Regression
Model (1.1).
Hours
100
Y; = 108
E; = +4
E{Y} = 104
60
E{Y} = 9.5 + 2.1X,
25
45
Number of Bids Prepared
Transcribed Image Text:FIGURE 1.6 Illustration of Simple Linear Regression Model (1.1). Hours 100 Y; = 108 E; = +4 E{Y} = 104 60 E{Y} = 9.5 + 2.1X, 25 45 Number of Bids Prepared
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