Question

Asked Nov 28, 2019

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Fitting a straight line to a set of data yields the following prediction line:

Yi = 16 - 0.5Xi

- Interpret the meaning of the Y intercept,
*b*0. - Interpret the meaning of the slope,
*b*1. - Predict the value of Y for X = 6.

Step 1

Given prediction line

Yi = 16 – 0.5 Xi

- Intercept b0 indicates that at X = 0, Yi would be 16
- Slope bi indicates that for every unit increase in the variable Xi, Yi reduces by 0.5
- Predicting the value of Y f...

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