Question: Given are five observations for two variables, & and y. 2 3 4 5 Vi 4 6 7 10 13d. Develop the estimated regression equation



Given are five observations for two variables, & and y. 2 3 4 5 Vi 4 6 7 10 13d. Develop the estimated regression equation by computing the 1uralues stile and 51 using Equation 14.6 and Equation 14.? (to 1 decimal}. s. II9+II0w e. Use the estimated regression equation to predict the value of y when m = 4 {to 1 decimal]. ail l9 SLOPE AND y-INTERCEPT FOR THE ESTIMATED REGRESSION EQUATION E(x, - X)(V; - y) b1 = (14.6) E(x; - X)2 bo - y - bix (14.7) where x; = value of the independent variable for the ith observation y; = value of the dependent variable for the ith observation x = mean value for the independent variable y = mean value for the dependent variable n = total number of observations
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