• Given the following 3 pairs of observations (n=3):
• X=Monthly Output (tons per month) = 6,4,5Average of X =Bar X = 5
• Y=Monthly Production Cost ($000per month)=3,2, 1Average of Y = Bar Y =2
• Using the monthly production cost (Y,in $000per month)as the dependent variable and the monthly output (X,in tons per month)as the independent variable,in the simple linear regression equation
• Estimated valueof Y =(b1)X+(b0) the values for b1 and b0, respectively, are