00:01
Hello everyone, let us look into the solution.
00:04
Here from the question we can take the x and y values as 198, 216, 206, 203, 206, 201, 198, 213, 193, 182, 213, 196, 191, 211, then again 211 and the corresponding y values are 100, 118, 95, 101, 109, 98, 86, 113, 86, 73, 122, 88, 80, 120, 107.
01:05
Now we need to find xy, x square and y square.
01:11
So it takes the values 19 ,800, 39204, 10 ,000, then 25488, 46656 and 13924 and here 1950424369025 etcetera it goes on.
01:35
So for all the values we have to find xy, x square and y square.
01:44
Now from this the total is 3038 and here it is 1496, then summation xy is 304905 and summation x square is 616596, then here it is 152402, then the mean x bar is equal to 20253 and y bar equal to 99 .73, in sample size n equal to 15 and ssxx equal to summation x square minus summation x the whole square by n which is equal to 1299 .73 and ssxy equal to summation xy minus summation x summation y divided by n which is 1915 .13 and ssyy equal to summation y square minus summation by the whole square by n which is 3200 .93.
02:43
From this we can have estimated slope beta 1 equal to ssxy divided by ssxx which is equal to 1915 .13 divided by 1299 .73 which is 1 .4735 and the intercept is beta 0 which is equal to y bar minus beta 1 x bar which is equal to minus 198 .6958.
03:12
Now we can have the regression equation or otherwise we can say the regression line as y hat equal to minus 198 .6958 plus 1 .4735 multiplied by x, then in the second part we need to find the value of y when x equal to 200.
03:33
So, when x equal to 200 y is equal to minus 198 .6958 plus 1 .4735 multiplied by 200 which is equal to 96 .01...