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:

  1. Equation of the least-squares regression line:
    The formula is y^=b0+b1x\hat{y} = b_0 + b_1 x, where:

    • b1=(xixˉ)(yiyˉ)(xixˉ)2b_1 = \frac{\sum (x_i - \bar{x})(y_i - \bar{y})}{\sum (x_i - \bar{x})^2} is the slope,
    • b0=yˉb1xˉb_0 = \bar{y} - b_1 \bar{x} is the intercept.
  2. Residuals:
    A residual for each data point is calculated as: Residual=yiy^i\text{Residual} = y_i - \hat{y}_i where yiy_i is the actual value and y^i\hat{y}_i is the predicted value from the regression line.

To proceed, I'll need the corresponding yy-values (dependent variable) for the given xx-values: 4.0,7.0,10.0,13.5,17.04.0, 7.0, 10.0, 13.5, 17.0. Can you provide the yy-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:

  1. What is the significance of the least-squares regression line?
  2. How is the slope of the regression line interpreted in real-world contexts?
  3. Why do we calculate residuals in regression analysis?
  4. What happens when residuals are large?
  5. 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