Question: Fitting a straight line to a set of data yields the following prediction line: a. Interpret the meaning of the Y intercept, b0. b. Interpret

Fitting a straight line to a set of data yields the following prediction line:

Fitting a straight line to a set of data yields

a. Interpret the meaning of the Y intercept, b0.
b. Interpret the meaning of the slope, b1.
c. Predict the value of Y for X = 3.

yi = 2 + 5x,

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