THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
For a sample of 20 monthly observations a financial analyst wants to regress the percentage rate of return (y)of the common stock of a corporation on the percentage rate of return (x)of the Standard and Poor's 500 Index.The following summary statistics are available:
,
,
,and
-Interpret the intercept of the sample regression line.

Question

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
For a sample of 20 monthly observations a financial analyst wants to regress the percentage rate of return (y)of the common stock of a corporation on the percentage rate of return (x)of the Standard and Poor's 500 Index.The following summary statistics are available:  
,  
,  
,and 
-Interpret the intercept of the sample regression line.

Quizplus · Accepted Answer

The Answer of THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
For a sample of 20 monthly observations a financial analyst wants to regress the percentage rate of return (y)of the common stock of a corporation on the percentage rate of return (x)of the Standard and Poor's 500 Index.The following summary statistics are available:  
,  
,  
,and 
-Interpret the intercept of the sample regression line.