The equation for a straight line (deterministic model) is y = b0 + b1x If the line
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The equation for a straight line (deterministic model) is y = b0 + b1x If the line passes through the point 1 -2, 42, then x = -2, y = 4 must satisfy the equation; that is, 4 = b0 + b11 -22 Similarly, if the line passes through the point (4, 6), then x = 4, y = 6 must satisfy the equation; that is, 6 = b0 + b1142 Use these two equations to solve for b0 and b1; then find the equation of the line that passes through the points 1 -2, 42 and (4, 6).
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Statistics For Business And Economics
ISBN: 9781292413396
14th Global Edition
Authors: James McClave, P. Benson, Terry Sincich
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