Question: Fitting a straight line to a set of data yields the following prediction line: i = 2 + 5 X i a. Interpret the meaning

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

Ŷi = 2 + 5 Xi

a. Interpret the meaning of the Y intercept, b0.

b. Interpret the meaning of the slope, b1.

c. Predict the value of Y for X = 3.

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