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se the data given below to answer the following question(s). Following is an extract from the database of a construction company. The table shows the
se the data given below to answer the following question(s).
Following is an extract from the database of a construction company. The table shows the height of walls in feet and the cost of raising them. The estimated simple linear regression equation is given as = b0 + b1X. (Hint: Use Excel functions).
Height (ft) | Cost ($) |
4 | 670 |
3 | 430 |
7 | 810 |
9 | 1100 |
6 | 790 |
8 | 880 |
5 | 760 |
11 | 1200 |
What is the value of the coefficient b0?
A.
-2.253
B.
86.81
C.
0.010
D.
254.83
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