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What is the value of the coefficient b1? 0.010697 O 78.0541 254.8371 86.81704

What is the value of the coefficient b1? 0.010697 O 78.0541 254.8371 86.81704

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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Use the table below to answer the following question(s). Following is an extract from the database of a construction company. The table shows the height of walls in feet and the cost of raising them. The estimated simple linear regression equation is given as Ý = b0 + b1X. (Hint: Use Excel functions). Height (ft) Cost ($) 670 430 810 4 3 7 1100 790 880 760 1100 6 8 11 What is the value of the coefficient b1? O 0.010697 O 78.0541 O 254.8371 O 86.81704
Transcribed Image Text:Use the table below to answer the following question(s). Following is an extract from the database of a construction company. The table shows the height of walls in feet and the cost of raising them. The estimated simple linear regression equation is given as Ý = b0 + b1X. (Hint: Use Excel functions). Height (ft) Cost ($) 670 430 810 4 3 7 1100 790 880 760 1100 6 8 11 What is the value of the coefficient b1? O 0.010697 O 78.0541 O 254.8371 O 86.81704
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