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Regression

Given are five observations for two variables x and y. (see attached for details)
x y
1 3
2 7
3 5
4 11
5 14

A. Develop a scatter diagram for this data.
B. What does the scatter diagram in part A indicate about the relationship between the two variables?
C. Try to aproximate the relationship between x and y by drawing a straight line through the data.
D. Develop the estimated regression equation by computing the values of b (0) and b (1) using equations(14.6) and (14.7)
E. Use the estimated regression to predict the value of y when x = 4

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Solution Summary

Develops a scatter diagram for the data and the estimated regression equation.

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