4) In a univariate linear regression, explain intuitively, graphically and mathematically, how the variance of the estimated slope depends on a) the number of observations; b) the mean squared deviation of the independent variable; c) What else does it depend on? Can you explain how?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
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4) In a univariate linear regression, explain intuitively, graphically and mathematically,
how the variance of the estimated slope depends on
a) the number of observations;
b) the mean squared deviation of the independent variable;
c)
What else does it depend on? Can you explain how?
Transcribed Image Text:4) In a univariate linear regression, explain intuitively, graphically and mathematically, how the variance of the estimated slope depends on a) the number of observations; b) the mean squared deviation of the independent variable; c) What else does it depend on? Can you explain how?
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