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Using R, find the least-squares regression line for predicting Percent from Distance. Provide the numerical value of the least-squares estimator of 6₁. Your final answer must be a number. Round it to 4 decimal places. Thanks!

Using R, find the least-squares regression line for predicting Percent from Distance. Provide the numerical value of the least-squares estimator of 6₁. Your final answer must be a number. Round it to 4 decimal places. Thanks!

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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[STATISTICS] How do you find Beta 1?

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Fire damage in the United States amounts to billions of dollars, much of it insured. The time taken to arrive at the fire is critical. This raises the question, Should insurance companies lower premiums if the home to be insured is close to a fire station? To help make a decision, a study was undertaken wherein a number of fires were investigated. The distance to the nearest fire station (in miles) and the percentage of fire damage were recorded. Now, consider the linear model: Y = Bo + B12 tôi where ~ N (0,0²). Using R, find the least-squares regression line for predicting Percent from Distance. Provide the numerical value of the least-squares estimator of B₁. Your final answer must be a number. Round it to 4 decimal places. Thanks!
Transcribed Image Text:Fire damage in the United States amounts to billions of dollars, much of it insured. The time taken to arrive at the fire is critical. This raises the question, Should insurance companies lower premiums if the home to be insured is close to a fire station? To help make a decision, a study was undertaken wherein a number of fires were investigated. The distance to the nearest fire station (in miles) and the percentage of fire damage were recorded. Now, consider the linear model: Y = Bo + B12 tôi where ~ N (0,0²). Using R, find the least-squares regression line for predicting Percent from Distance. Provide the numerical value of the least-squares estimator of B₁. Your final answer must be a number. Round it to 4 decimal places. Thanks!
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