In linear regression, the intercept is 7.2 and the slope is 0.64.Calculate the number of claims in projected year 7.
A)7.84
B)14.84
C)11.68
D)51.04
E)11.608

Question

Quizplus · Accepted Answer

The number of claims in projected year 7 is calculated using the linear regression equation: y = mx + b, where m is the slope (0.64), x is the year (7), and b is the intercept (7.2). So, y = 0.64 * 7 + 7.2 = 11.68.

In Linear Regression, the Intercept Is 7