Question: Use the data given below to answer the following question(s). Following is an extract from the database of a construction company. The table shows the

Use the data given below to answer the following question(s).

Following is an extract from the database of a construction company. The table shows the height of walls in feet and the cost of raising them. The estimated simple linear regression equation is given as = b0 + b1X. (Hint: Use Excel functions).

Height (ft) Cost ($)
4 670
3 430
7 810
9 1100
6 790
8 880
5 760
11 1200

What is the value of the coefficient b0?

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