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- Use the method of least squares to fit the model to the data. Y hat= _+_xEx[lain the Two Stage Least Squares Estimator?The data regarding the production of wheat in tons (X) and the price of the kilo of flour in Ghana cedis (Y) Takoradi some years ago were: a. Fit the regression line for the day using the method of least squares
- find the least squares regression line equation from the given data.Based on the data presented in the table below, please calculate the values of b0 and b1 using OLS (ordinary least squares) and for the equation: q1 = β0 + β1pi + ui. qi pi 1 2 2 3 3 5Based on the data presented in the table below, please calculate the values of b0 and b1 using OLS (ordinary least squares) and for the equation:qi = β0 + β1pi + ui. qi pi 1 2 2 3 3 5
- The following table shows the length, in centimeters, of the humerus and the total wingspan, in centimeters, of several pterosaurs, which are extinct flying reptiles. (A graphing calculator is recommended.) (a) Find the equation of the least-squares regression line for the data. (Where × is the independent variable.) Round constants to the nearest hundredth. y= ? (b) Use the equation from part (a) to determine, to the nearest centimeter, the projected wingspan of a pterosaur if its humerus is 52 centimeters. ? cmThe y-interept bo of a least-squares regression line has a useful interpretation only if the x-values are either all positive or all negative. Determine if the statement is true or false. Why? If the statement is false, rewrite as a true statement.A chemical company, seeking to study the effect of extraction time on the efficiency of an extraction operation, obtained the data from a table: Fit a straight line to the data given with the least squares method and use it to predict the extraction efficiency that would be expected when the extraction time is 35 minutes. x = Extraction time (minutes)y = Extraction efficiency (%)
- A pediatrician wants to determine the relationship that exists between achild’s height, x, and head circumference, y. She randomly selects 11 children from her practice, measures their heights and head circumferences, and conducts the least-squares regression analysis with the simple linear model using StatCrunch. The output is given below: (a) Write down the equation of the least-squares regression line treating height as the explanatory variable and head circumference as the response variable. (b) Interpret the slope and y-intercept, if appropriate. (c) Use the regression equation to predict the head circumference of a child who is 25 inches tall. Assume that the regression model is applicable.(d) It is observed that one child who is 25 inches tall has a head circumference of 17.5 inches. Is the observed value above or below average among all children with heights of 25 inches?find the equation of the least squares regression lineThe following data is about the number of turns required to break a certain type of forged alloy bar, as well as the percentages of two alloying elements present in the metal. A) Fit a least squares regression plane and use its equation to estimate the number of turns required to break one of the bars, when x1 = 2.5 and x2 = 12 In the tabley = number of turnsx1 =% of element Ax2 =% of element B