If the covariance of x and y is 26.16 and the standard deviation of x is 32.7,then the slope of the least squares line is b₁ =.80.

Question

Quizplus · Accepted Answer

The slope of the least squares line ($b$) is calculated using the formula $b = \frac{\text{Covariance of } x \text{ and } y}{\text{Variance of } x}$. Given the covariance of $x$ and $y$ is 26.16 and the standard deviation of $x$ is 32.7, the variance of $x$ would be $32.7^2$. The provided slope value does not match the calculation based on these inputs.

If the Covariance of X and Y Is 26