Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer all questions! Fitting a straight line to a set of data yields the following prediction line. Complete (a) through (c) below. Y =

Please answer all questions!

image text in transcribed
Fitting a straight line to a set of data yields the following prediction line. Complete (a) through (c) below. Y = 18 - 0.8X a. Interpret the meaning of the Y-intercept, bo. Choose the correct answer below. O A. The Y-intercept, bo = 18, implies that the average value of Y is 18. O B. The Y-intercept, bo = 18, implies that for each increase of 1 unit in X, the value of Y is expected to increase by 18 units. O C. The Y-intercept, bo = 18, implies that when the value of X is 0, the mean value of Y is 18. O D. The Y-intercept, bo = -0.8, implies that when the value of X is 0, the mean value of Y is - 0.8. b. Interpret the meaning of the slope, b, . Choose the correct answer below. A. The slope, by = 18, implies that for each increase of 1 unit in X, the value of Y is expected to increase by 18 units. O B. The slope, by = - 0.8, implies that for each increase of 1 unit in X, the value of Y is estimated to decrease by 0.8 units. O C. The slope, by = - 0.8, implies that the average value of Y is - 0.8. O D. The slope, by =0.8, implies that for each increase of 1 unit in X, the value of Y is expected to increase by 0.8 units. c. Predict the mean value of Y for X =7. Y1 = 24 (Type an integer or a decimal.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Discrete Mathematics

Authors: Gary Chartrand, Ping Zhang

1st Edition

1478616261, 9781478616269

More Books

Students also viewed these Mathematics questions

Question

600 lb 20 0.5 ft 30 30 5 ft

Answered: 1 week ago

Question

1. Why do we trust one type of information more than another?

Answered: 1 week ago