For the data set shown below.
x y
3 4
4 5
5 8
7 12
8 15
(a)
Find the estimates of β0 and β1.
β0≈b0=__?__
(Round to three decimal places as needed.)
β1≈b1=__?__
(Round to three decimal places as needed.)
We can use here Excel for regression equation
Step 1) Enter data in Excel .
Step 2) Data >>Data analysis >>Regression >>Select y and x values separately >>Ok
β0≈b0=-3.256................................................y intercept
β1≈b1=2.233.......................................................slope
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