In the simple linear model Y = Bo + BỊX+ ɛ, what is the interpretation of Betal_hat= 8.5? O The point at which the line crosses the x-axis in 8.5 O The point at which the line crosses the y-axis is 8.5 O The mean value of Y increases 8.5 units for every 1 unit increase X O The mean value of Y decreases 8.5 units for every 1 unit increase X

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.6: Applications And The Perron-frobenius Theorem
Problem 25EQ
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In the simple linear model Y = Bo + B1X+ ɛ, what is the interpretation of Betal_hat = 8.5?
The point at which the line crosses the x-axis in 8.5
The point at which the line crosses the y-axis is 8.5
O The mean value of Y increases 8.5 units for every 1 unit increase X
O The mean value of Y decreases 8.5 units for every 1 unit increase X
Transcribed Image Text:In the simple linear model Y = Bo + B1X+ ɛ, what is the interpretation of Betal_hat = 8.5? The point at which the line crosses the x-axis in 8.5 The point at which the line crosses the y-axis is 8.5 O The mean value of Y increases 8.5 units for every 1 unit increase X O The mean value of Y decreases 8.5 units for every 1 unit increase X
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