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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