Question
A regression and correlation analysis resulted in the following information regarding a dependent variable ( y ) and an independent variable ( x ). x
A regression and correlation analysis resulted in the following information regarding a dependent variable (y) and an independent variable (x).
| x | = | 90 |
| y | = | 170 |
| n | = | 10 |
| SSE | = | 504.98 |
| (yy)(xx) | = | 469 |
| (xx)2 | = | 233 |
| (yy)2 | = | 1,433 |
Find the least squares estimate of the slope or b1.
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
To find the least squares estimate of the slope b1 we need to use the formula b1 SSxy SStot where ...
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Business Statistics A First Course
Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan
7th Edition
9780321998217, 032197901X, 321998219, 978-0321979018
