Math Problem Statement
Solution
To compute the least-squares regression equation for the given data set, we need to find the slope () and the y-intercept () using the formula for the line of best fit, .
The data provided are:
Steps to calculate the least-squares regression equation:
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Calculate the means of and :
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Calculate the slope using:
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Calculate the y-intercept using:
Let me work on this and provide you with the regression equation.The least-squares regression equation for the given data set is:
This equation indicates that the slope is approximately , and the y-intercept is approximately .
Would you like further details or have any questions? Here are five related questions you might consider:
- What does the negative slope of indicate about the relationship between and ?
- How can we calculate the correlation coefficient to measure the strength of this relationship?
- Can we use this equation to make predictions for new values of ?
- What is the importance of rounding the slope and intercept to four decimal places in regression analysis?
- How would outliers in the data affect the regression equation?
Tip: When interpreting regression results, the slope tells you the change in the dependent variable for each unit increase in the independent variable .
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Math Problem Analysis
Mathematical Concepts
Regression
Least-Squares Method
Linear Equations
Formulas
Slope formula: m = Σ[(x_i - x̄)(y_i - ȳ)] / Σ[(x_i - x̄)^2]
Y-intercept formula: b = ȳ - m * x̄
Linear equation: ŷ = mx + b
Theorems
Least-Squares Method
Suitable Grade Level
Grades 11-12, College Level
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