Use the given set of points to compute b₀ and b₁. $\begin{array} { l | l l l l l l } x & 16 & 12 & 14 & 19 & 18 & 10 \ \hline y & 74 & 58 & 62 & 82 & 82 & 49 \end{array} \quad x = 12$ A) b₀=0 ; b₁=3.860274 B) b₀=10.572603 ; b₁=3.860274 C) b₀=3.860274 ; b₁=10.572603 D) b₀=14.833333 ; b₁=10.572603

Question

Quizplus · Accepted Answer

b₀ represents the y-intercept of the linear regression line, and b₁ represents the slope of the linear regression line. The given values allow for the calculation of these parameters using linear regression formulas, where the slope (b1) is calculated based on the covariance of x and y divided by the variance of x, and the y-intercept (b0) is calculated using the mean values of x and y along with the slope. The correct values are thus for the y-intercept (b0) and the slope (b1) as given in option B.

Use the Given Set of Points to Compute B0 and B1

Use the Given Set of Points to Compute B₀ and B₁