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QUESTION 1 Given the following 3 pairs of observations (n=3): X=Monthly Output (tons per month) = 6, 4, 5 Average of X = Bar X = 5 Y=Monthly Production Cost ($000 per month) = 3, 2, 1 Average of Y = Bar Y = 2 Using the monthly production cost (Y, in $000 per 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 value of Y = (b1)X + (b0) the values for b1 and bo, respectively, are O a. +0.5 and -0.5 O b.-0.5 and +0.5 O c. +0.3 and -0.3 O d. Not enough information given to answer this question Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Ans