Exhibit 12-5
You are given the following information about y and x.

-Refer to Exhibit 12-5. The least squares estimate of b₀ (intercept) equals

Question

Exhibit 12-5 You are given the following information about y and x. -Refer to Exhibit 12-5. The least squares estimate of b₀ (intercept)equals A)1 B)-1 C)6

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 derived from the given data. In this case, the correct answer is provided as 6.

Exhibit 12-5 You Are Given the Following Information About Y and X