The data below shows age (x, in years) and weekly entertainment expenses (y, in dollars) for a random sample of ten adults. The least squares regression model for this data is yˆ=344.07 − 4.21x.y^=344.07 − 4.21x. Select all valid statements regarding the use of this regression model.
You must make a selection for each option. Click once to place a check mark for correct answers and click twice to place an "x" for the wrong answers.
Age | Entertainment expenses |
21 | 242 |
23 | 265 |
27 | 275 |
30 | 192 |
33 | 215 |
42 | 98 |
45 | 164 |
47 | 128 |
55 | 159 |
61 | 85 |
y^=344.07 − 4.21x
as the model contain the values of 53 and 36 but not 19 and 65.
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