In the sample regression line
= b₀ + b₁x,the term b₀ is the y-intercept;this is the value of y where the line intersects the y-axis whenever x = 0.

Name: In the sample regression line = b 0 + b 1 x,the term b 0 is the y-intercept;this is the value of y where the line intersects the y-axis whenever x = 0.
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Question

In the sample regression line = b₀ + b₁x,the term b₀ is the y-intercept;this is the value of y where the line intersects the y-axis whenever x = 0.

Quizplus · Accepted Answer

The statement correctly explains that the term b₀ is the y-intercept, which is the value of y when x = 0. Therefore, the statement is true.

In the Sample Regression Line