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Regression Analysis From Partial Computer Output

Consider the following partial computer output from a simple linear regression analysis from the data provided in the attached document.

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.

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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.

3) ...

Solution Summary

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.

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