Question: Fitting a straight line to a data set yields the following prediction line: i = 24 2.5Xi a. Interpret the meaning of the Y

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

Ŷi = 24 − 2.5Xi

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

b. Interpret the meaning of the slope, b1.

c. Predict the mean value of Y for X = 10.

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