Math Problem Statement
Given are the data for two variables, x and y. Do not round your intermediate calculations.
xi: 6 11 15 18 20 yi: 6 8 12 20 30
a. Develop an estimated regression equation for these data by computing b1 and b0 (to 3 decimals). Enter negative values as negative numbers.
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Regression
Statistics
Data Analysis
Formulas
b1 = (n Σ(xi yi) - Σxi Σyi) / (n Σ(xi^2) - (Σxi)^2)
b0 = (Σyi - b1 Σxi) / n
Estimated Regression Equation: ŷ = b0 + b1x
Theorems
Least Squares Regression
Suitable Grade Level
College-Level Statistics or Advanced High School
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