Assume that the two variables x and y are related according to the simple linear regression model. Summary quantities are n = 15, Σy- 582 , Ey? = 23640, Σx 53, Σχ2167,42 and E xy = 1687.9. Calculate the least squares estimate of the slope and intercept.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.3: Lines
Problem 23E
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Assume that the two variables x and y are related according to the simple linear
regression model. Summary quantities are
n = 15,
Σy- 582,
Σν-23640,
Σx= 53 ,
Σχ2-167.42
and
E xy
= 1687.9.
Calculate the least squares estimate of the slope and intercept.
Transcribed Image Text:Assume that the two variables x and y are related according to the simple linear regression model. Summary quantities are n = 15, Σy- 582, Σν-23640, Σx= 53 , Σχ2-167.42 and E xy = 1687.9. Calculate the least squares estimate of the slope and intercept.
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