Asked Nov 28, 2019

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.

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...

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