Question
Asked Nov 28, 2019
86 views

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

           

Yi = 16 - 0.5Xi

 

  1. Interpret the meaning of the Y intercept, b0.
  2. Interpret the meaning of the slope, b1.
  3. Predict the value of Y for X = 6.
check_circle

Expert Answer

Step 1

Given prediction line

Yi = 16 – 0.5 Xi

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

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Math

Statistics

Related Statistics Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: You are conducting a study to see if the probability of a true negative on a test for a certain canc...

A: Solution:From the given information, sample size is 336 and number of success are 61. Population pro...

question_answer

Q: Test whether mu 1 less than mu 2μ1<μ2 at the alphaαequals=0.01 level of significance for the samp...

A: To calculate the p value, we need the data and the data provided by you is incompleteSo, using the p...

question_answer

Q: Use the standard normal table to find the Z-score that corresponds to the given percentile. If the a...

A: From the provided information, the probability corresponds to z score is 0.78 which can be written a...

question_answer

Q: The table below gives the list price and the number of bids received for five randomly selected item...

A: The regression analysis is conducted here by using EXCEL. The software procedure is given below:Ente...

question_answer

Q: The following observations are the stopping distance in feet of a bus thats travels at 25mphs, where...

A: Click to see the answer

question_answer

Q: A fitness center is interested in finding a 90% confidence interval for the mean number of days per ...

A: a. To compute the confidence interval the t distribution is used because the population standard dev...

question_answer

Q: Many variables in medicine follow a normal distribution where there are approximately an equal numbe...

A: Introduction:Two variables in medicine that may follows normal distribution are blood platelet count...

question_answer

Q: defcaluvulate the mean ang standard deviations of the distribution

A: The tree diagram is obtained below:

question_answer

Q: 77​% of U.S. adults think that political correctness is a problem in America today. You randomly sel...

A: The value of mean is 4.62, which is obtained as follows: