Question 11 2 pts Use the regression equation below to predict the yearly salary (in thousands) from the number of years of higher education. Y^= 2X + 12.98 What is the regression coefficient and y-intercept of this regression equation? O 2 and 3.56 O 12 and 6.89 O 5 and 16.44 O 2 and 12.98
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98$. Step 2: In a simple linear regression equation of the form $Y\hat{} = b_0 + b_1X$: - $b_1$ is the regression coefficient (or slope), which represents the change in the predicted value of Y for a one-unit change in X. - $b_0$ is the y-intercept, which Show more…
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Use the regression equation below to predict the yearly salary in thousands from the number of years of higher education: ^Y = 2X + 12.98 a) 0 years of higher education b) 11 years of higher education c) What is the slope of this equation? d) What is the regression coefficient and y-intercept?
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