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True or False: Given a regression equation of y ̂= 16 + 2.3x we would expect...

True or False: Given a regression equation of y ̂= 16 + 2.3x we would expect that an increase in x of 2.0 would lead to an average increase of y of 4.6. True or False Given a sample of data for use in simple linear regression, the values for the slope and the intercept are chosen to minimize the sum of squared errors.

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Answer #1

1) True. Because slope is 2.3 and increase will be 2 * 2.3 = 4.6

2) True

                                                                                                                             

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