Use the computer output to estimate the intercept β0 and the slope β1. The regression equation is Y=825-3.12X. Predictor Coef SE Coef T P Constant 825.405 89.72 9.20 0.000 X -3.119 1.023 -3.05 0.006 Intercept β0: Slope β1: Click if you would like to Show Work for this question: Open Show Work
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
Use the computer output to estimate the intercept β0 and the slope β1.
The regression equation is Y=825-3.12X.
| Predictor | Coef | SE Coef | T | P |
| Constant | 825.405 | 89.72 | 9.20 | 0.000 |
| X | -3.119 | 1.023 | -3.05 | 0.006 |
Intercept β0:
Slope β1:
| Click if you would like to Show Work for this question: |
Open Show Work
|
The given regression analysis output is as follows:
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