You are given the following information about y and x. Dependent Variable y Independent Variable x 5 1 4 2 3 3 2 6 1 8 ​Refer to Exhibit 3. The least squares estimate of b0 (intercept)equals

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A: Formula : Slope = SSxy /SSxx

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Q: You are given the following information about y and x. Dependent Variable y Independent Variable x 1…

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A: x = 40/8 = 5 y= 48/8 = 6 σx2 = ∑x2 n - (x)2      = 210/8 - 25     = 1.25 Cov(x,y)= ∑xyn - x y…

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