Fitting a straight line to a set of data yields the following predition line: y1 = 2 + 5x Interpret the meaning of the Y intercept, b0 and interpret the meaning of the slope b1 and predict the value...

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Fitting a straight line to a set of data yields the following predition line:


y1 = 2 + 5x


Interpret the meaning of the Y intercept, b0 and interpret the meaning of the slope b1 and predict the value of Y for X = 3



Answered Same DayDec 20, 2021

Answer To: Fitting a straight line to a set of data yields the following predition line: y1 = 2 + 5x Interpret...

David answered on Dec 20 2021
130 Votes
The y intercept is the value assumed when the value of explanatory or independent variable is zero.
In the given case, the value of this intercept is 2.
The slope indicates the rate of change of y with respect to a unit change in x or the independent
variable. In the given case, the slope is...
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