The estimated regression equation for a model involving two independent variables and 10 observations follows. ŷ = 30.5304 + 0.3088₁ +0.74852 a. Interpret b₁ and be in this estimated regression equation (to 4 decimals). b₁ = 0.3088 y changes by 0.3088 when x1 increases by 1 unit and x2 stays the same b₂ = 0.7485 y changes by 0.3088 when x1 increases by 1 unit and x2 stays the same b. Estimate y when #₁ = 180 and ₂ = 310 (to 3 decimals). 318.14

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The estimated regression equation for a model involving two independent variables and 10 observations follows.
ŷ = 30.5304 + 0.3088x₁ +0.7485*2
a. Interpret b₁ and be in this estimated regression equation (to 4 decimals).
b₁ = 0.3088
y changes by 0.3088 when x1 increases by 1 unit and x2 stays the same
b₂ = 0.7485
y changes by 0.3088 when x1 increases by 1 unit and x2 stays the same
b. Estimate y when *₁ = 180 and 2 = 310 (to 3 decimals).
318.14
Transcribed Image Text:The estimated regression equation for a model involving two independent variables and 10 observations follows. ŷ = 30.5304 + 0.3088x₁ +0.7485*2 a. Interpret b₁ and be in this estimated regression equation (to 4 decimals). b₁ = 0.3088 y changes by 0.3088 when x1 increases by 1 unit and x2 stays the same b₂ = 0.7485 y changes by 0.3088 when x1 increases by 1 unit and x2 stays the same b. Estimate y when *₁ = 180 and 2 = 310 (to 3 decimals). 318.14
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