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Find an equation of the least squares regression line

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Reference no: EM13903290

A random sample of 4 professional athletes produced the following data where x is the number of endorsements the player has and y is the amount of money made (in millions of dollars).

x 0 1 3 5
y 1 2 3 8

a. Find an equation of the least squares regression line. Show all work; writing the correct equation, without supporting work, will receive no credit.

b. Based on the equation from part (a), what is the predicted value of y if x = 4? Show all work and justify your answer.

Reference no: EM13903290

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