Question: Given are five observations for two variables, x and y . xi 1 2 3 4 5 yi 3 7 7 12 14 The estimated

Given are five observations for two variables,xandy.

xi 1 2 3 4 5
yi 3 7 7 12 14

The estimated regression equation for these data is= 0.5 + 2.7x.

  1. Compute SSE, SST, and SSR using the following equations (to 1 decimal).
    SSE
    SST
    SSR
  2. Compute the coefficient of determinationr2(to 3 decimals). Does this least squares line provide a good fit?SelectYes, the least squares line provides a very good fitNo, the least squares line does not produce much of a fitItem 5
  3. Compute the sample correlation coefficient (to 4 decimals).

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