Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An environmental scientist wishes to investigate the relationship between the size the drainage area for a river and the speed of the steamflow at
An environmental scientist wishes to investigate the relationship between the size the drainage area for a river and the speed of the steamflow at a station further down the river. The scientist collects data on the drainage basin area (y; in square miles) and streamflow ( xi in cubic feet per second) for 32 rivers. The following table summaries the sample means and variances with the two variables and the sample covariance between them. Use these values to evaluate the least-squares estimates for the simple linear regression model. Give your answers to two decimal places. Statistic Value (mean) 18.98 y (mean) 73.23 s(variance) 638.94 s(variance) 5085.35 Sxy (covariance) 1616.55 Least-squares estimates: Intercept: to 2 d.p. Slope: = to 2 d.p.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started