Math Problem Statement
(b)
Find the equation of the least-squares regression line. (Round your values to three decimal places.)
ŷ =
x
(c)
Calculate the five residuals. (Round your answers to three decimal places.)
Representative
Age (x) Residual
4.0
7.0
10.0
13.5
17.0
Solution
To find the equation of the least-squares regression line and calculate the residuals, we need the following:
-
Equation of the least-squares regression line:
The formula is , where:- is the slope,
- is the intercept.
-
Residuals:
A residual for each data point is calculated as: where is the actual value and is the predicted value from the regression line.
To proceed, I'll need the corresponding -values (dependent variable) for the given -values: . Can you provide the -values, or should I assume them to calculate the regression line and residuals?
Let me know if you want more details or have any specific questions! Here are some questions to deepen your understanding:
- What is the significance of the least-squares regression line?
- How is the slope of the regression line interpreted in real-world contexts?
- Why do we calculate residuals in regression analysis?
- What happens when residuals are large?
- How can the residual plot help in diagnosing model fit?
Tip: Always visualize the regression line and residuals to get better insights into the model's accuracy!
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Math Problem Analysis
Mathematical Concepts
Linear Regression
Residuals
Statistics
Formulas
Least-squares regression line: ŷ = b0 + b1x
Slope: b1 = Σ(xi - x̄)(yi - ȳ) / Σ(xi - x̄)^2
Intercept: b0 = ȳ - b1x̄
Residual: Residual = yi - ŷi
Theorems
Least Squares Regression Theorem
Suitable Grade Level
Grades 10-12
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