The estimated regression equation for a model involving two independent variables and 10 observations is as follows: \[ \hat{y} = 29.1370 + 0.5103x_1 + 0.4980x_2 \] (a) **Interpret \( b_1 \) in this estimated regression equation.** Choose the correct interpretation: - \( b_1 = 0.5103 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1 \) is held constant. - \( b_1 = 29.1370 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2 \) is held constant. - \( b_1 = 0.4980 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1 \) is held constant. - \( b_1 = 0.4980 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2 \) is held constant. - \( b_1 = 0.5103 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2 \) is held constant. (b) **Interpret \( b_2 \) in this estimated regression equation.** Choose the correct interpretation: - \( b_2 = 0.4980 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1 \) is held constant. - \( b_2 = 0.4980 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2 \) is held constant. - \( b_2 = 0.5103 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1 \) is held constant. - \( b_2 = 0.5103 \)

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The estimated regression equation for a model involving two independent variables and 10 observations is as follows:

\[ \hat{y} = 29.1370 + 0.5103x_1 + 0.4980x_2 \]

(a) **Interpret \( b_1 \) in this estimated regression equation.**

Choose the correct interpretation:

- \( b_1 = 0.5103 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1 \) is held constant.
- \( b_1 = 29.1370 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2 \) is held constant.
- \( b_1 = 0.4980 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1 \) is held constant.
- \( b_1 = 0.4980 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2 \) is held constant.
- \( b_1 = 0.5103 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2 \) is held constant.

(b) **Interpret \( b_2 \) in this estimated regression equation.**

Choose the correct interpretation:

- \( b_2 = 0.4980 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1 \) is held constant.
- \( b_2 = 0.4980 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2 \) is held constant.
- \( b_2 = 0.5103 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1 \) is held constant.
- \( b_2 = 0.5103 \)
Transcribed Image Text:The estimated regression equation for a model involving two independent variables and 10 observations is as follows: \[ \hat{y} = 29.1370 + 0.5103x_1 + 0.4980x_2 \] (a) **Interpret \( b_1 \) in this estimated regression equation.** Choose the correct interpretation: - \( b_1 = 0.5103 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1 \) is held constant. - \( b_1 = 29.1370 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2 \) is held constant. - \( b_1 = 0.4980 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1 \) is held constant. - \( b_1 = 0.4980 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2 \) is held constant. - \( b_1 = 0.5103 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2 \) is held constant. (b) **Interpret \( b_2 \) in this estimated regression equation.** Choose the correct interpretation: - \( b_2 = 0.4980 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1 \) is held constant. - \( b_2 = 0.4980 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2 \) is held constant. - \( b_2 = 0.5103 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1 \) is held constant. - \( b_2 = 0.5103 \)
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