00:01
In question number eight, we have a problem about linear regression, and we're trying to figure out what's going to happen when a point is added to this scatter plot.
00:11
Now, the information that we're given about the relationship that we're seeing in the scatter plot is that the slope of this least squares regression line would be 0 .377.
00:21
R squared, which is the coefficient of determination, would be 95%, which is very strong.
00:27
An s, which represents the standard deviation of the residuals, is 0 .64.
00:34
Now, when i take a look at this relationship, and if i were to just sketch the l2squires regression line, i would want to imagine where the points that they're giving me would be on this line.
00:47
Now, the point that they give us is 3514.
00:50
And if you actually follow the slope of the data and take a look at the picture, that point would probably be pretty close to the line.
00:59
So there's a couple things that happen when you add a point that's very close to the lee squares regression line in a data set that's already existing.
01:07
The fact that it's close to the line means that the slope shouldn't change very much.
01:13
Because it's following the trend of the data, the rest of the data follows that same pattern, that slope will not change...