Exhibit 12-2
You are given the following information about y and x.

-Refer to Exhibit 12-2. The least squares estimate of b₁ equals

Question

Exhibit 12-2 You are given the following information about y and x. -Refer to Exhibit 12-2. The least squares estimate of b₁ equals A)-0.7647 B)-0.13 C)21.4 D)16.412

Quizplus · Accepted Answer

The least squares estimate of b₁ is the slope of the regression line, which is calculated as the covariance of the variables divided by the variance of the independent variable. In this context, -0.7647 is the correct slope estimate.

Exhibit 12-2 You Are Given the Following Information About Y and X