Given the following data: x y (a) (b) 1.45 1.57 1.64 1.77 1.69 1.80 1.86 1.89...

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Given the following data: x y (a) (b) 1.45 1.57 1.64 1.77 1.69 1.80 1.86 1.89 1.59 1.94 1.98 77 82 67 60 58 75 70 95 85 81 76 Determine the least squares line. Interpret the coefficient estimates. Compute the variances and standard errors of B₁ and 3₂. [7 Marks] [5 Marks] Given the following data: x y (a) (b) 1.45 1.57 1.64 1.77 1.69 1.80 1.86 1.89 1.59 1.94 1.98 77 82 67 60 58 75 70 95 85 81 76 Determine the least squares line. Interpret the coefficient estimates. Compute the variances and standard errors of B₁ and 3₂. [7 Marks] [5 Marks]

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