Given are five observations for two variables, x and y . xi 1 2 3 4 5 yi 4 5 8 10 15 d. Develop the estimated regression equation by computing the values of b0 and b1 using Equation 14.6 and Equation 14.7 (to decimal). e. Use the estimated regression equation to predict the value of y when x=3 (to decimal).
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Step 1
Mean of x (x̄) = (1+2+3+4+5)/5 = 3 Mean of y (ȳ) = (4+5+8+10+15)/5 = 8.4 Show more…
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