Question

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.)

Answer 1

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