Exhibit 12-7
You are given the following information about y and x.

-Refer to Exhibit 12-7. The least squares estimate of b₀ (intercept) equals

Question

Exhibit 12-7 You are given the following information about y and x. -Refer to Exhibit 12-7. The least squares estimate of b₀ (intercept) equals A)-10 B)10 C)0.5 D)-0.5

Quizplus · Accepted Answer

The least squares estimate of the intercept (b₀) is typically calculated using the formula for the intercept in a simple linear regression, which is often provided in the context of the problem or exhibit. Based on the options given, 10 is the correct estimate.

Exhibit 12-7 You Are Given the Following Information About Y and X