What is the estimated y-intercept?
What is the estimated slope?
Write the equation of the regression line.
What is the predicted value of y when x = 1,000?
Calculate the correlation coefficient.
Write a sentence interpreting what R2 means given the independent and dependent variable.
1) What is the estimated y-intercept?
From the output table, we know that the estimated y-intercept is -28.13.
2) What is the estimated slope?
From the output table, we know that the estimated slope is 1.12.
This solution solves for the y-intercept, slope, correlation coefficient and independent and dependent variables based on partial computer output from a linear regression analysis.