Solution Found!
Fit a straight line to the five data points in the
Chapter 11, Problem 3E(choose chapter or problem)
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