Fit a straight line to the five data points in the

Chapter 11, Problem 3E

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QUESTION:

Fit a straight line to the five data points in the accompanying table. Give the estimates of \(\beta_{0}\)

and \(\beta_{1}\). Plot the points and sketch the fitted line as a check on the calculations.

Equation transcription:

Text transcription:

\beta_{0}

\beta_{1}

Questions & Answers

QUESTION:

Fit a straight line to the five data points in the accompanying table. Give the estimates of \(\beta_{0}\)

and \(\beta_{1}\). Plot the points and sketch the fitted line as a check on the calculations.

Equation transcription:

Text transcription:

\beta_{0}

\beta_{1}

ANSWER:

Step 1 of 3

We need to find the least-squares equation

where

where

and

and  is the number of data

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