Find interpret the meaning ofthe y intercept,b0

Assignment Help Basic Statistics
Reference no: EM13922861

Fittinga straight line to a set of data yields the following prediction line

yi= 2 + 5Xi

a. Interpret the meaning ofthe Y intercept,b0

b. Interpret the meaning ofthe slope, b1

c. Predict the value of Y for x= 3

Reference no: EM13922861

Questions Cloud

Are the specifications being met : Specifications for the computer upgrades in Problem 4 are 78 minutes and 81 minutes. Based on the data given in the problem, are the specifications being met?
Copyright or trade secrets held by the entrepreneur : Any patents, trademarks , copyright or trade secrets held by the entrepreneur is known as
Analyze the economics of international taxation : Analyze the economics of international taxation. Based on your analysis, create an alternative to international taxation then evaluate how your alternative impacts foreign investments.
Evaluate the importance of the principal issue : Evaluate the importance of the principal issue litigated in the case in question using the tax research steps outlined in Appendix A of your text.
Find interpret the meaning ofthe y intercept,b0 : Fittinga straight line to a set of data yields the following prediction line- yi= 2 + 5Xi
What are the dangers if any of using quantified evaluation : ‘Discounting techniques rest on rather arbitrary assumptions about profitability. What are the dangers, if any, of using quantified and precise evaluation criteria in strategy selection?
How is health care delivery model advantageous to outcomes : Describe one innovative health care delivery model that incorporates an interdisciplinary care delivery team. How is this advantageous to patient outcomes?
Establishing a site layout for a spill or release response : Explain the basic principles involved in establishing a site layout for a spill or release response. In your response, include the requirements for air and personnel monitoring
Where people turn for newsis different for various age group : At the 0.05 level ofsignificance, is there evidence of a significant relationship between the agegroup and where people primarily get their news? If so, explain the relationship.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Type second order-population mean amount dispensed

If you select a random sample of 16 cups and are willing to have an α = 0.05 risk of committing a Type I error, compute the probability of a Type II error (β) if the population mean amount dispensed is actually:

  Details about probability questions

A shipping form keeps 2 cars in readiness for local delivery. Because of demands on their time and the frequency of mechanical failure, the probability that a particular car will be available when needed is 0.9.

  Cronbachs alpha and the split-half reliability coefficient

cronbachs alpha and the split-half reliability coefficient are both instruments to determine the reliability of a

  Hypothesis test about standard deviation irregularity

The mean lifetime of electric light bulbs produced by a company has in the past been 1120 hours with a standard deviation of 125 hours. A sample of 20 bulbs revealed a standard deviation in the lifetimes of 150 hours.

  Find planning value for the population standard deviation

Assume that a 95% confidence interval estimate of the population mean annual starting salary is required. What is the planning value for the population standard deviation?

  What would be the three chance common causes of variation

a key aspect to applying an x and r-chart model to a variable quality measure is the concept of chance and assignable

  Finding midpoint for class with greatest frequency

Using  given data table, find out midpoint for class with greatest frequency?

  Theoretical issues of testing of population mean

How do hypothesis-testing procedures differ for the population mean when the population standard deviation is known or unknown? What is the relationship between two-sided hypothesis tests for means and confidence intervals?

  Probability that paper has been chosen from first student

Two student groups of 40 students each scored, respectively, between 45% to 85% (first group) and 55% to 90% (second group) on the test. A paper is randomly chosen from the two groups and shows the score of 78%. What is the probability that the pa..

  What are the strengths and weaknesses of correlational and

what are the strengths and weaknesses of correlational and regression studies. what are the concepts of positive and

  Create a hypothetical one hundred thousand table

a rare disease occurs in about 1 out of 1000 people who are similar to you. a test for the disease has sensitivity of

  Find what proportion of the population would score higher

The distribution of IQ scores is normal, what proportion of the population would score higher than Bob? Lower than Bob?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd