SOLUTION: Assume the least squares equation is Y = 10 + 20X. What does the value of 10 in the equation indicate? A) Y intercept B) For each unit increased in Y', X increases by

Question 177109: Assume the least squares equation is Y = 10 + 20X. What does the value of 10 in the equation indicate?
A) Y intercept
B) For each unit increased in Y', X increases by 10
C) For each unit increased in X, Y' increases by 10
D) None of the above

Assume the least squares equation is Y' = 10 + 20X. What does the value of 20 indicate?
A) Y intercept
B) For each unit increased in X, Y' increases by 20
C) For each unit increased in Y', X increases by 20
D) None the above
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Assume the least squares equation is Y = 10 + 20X. What does the value of 10 in the equation indicate?
A) Y intercept
B) For each unit increased in Y', X increases by 10
C) For each unit increased in X, Y' increases by 10
D) None of the above
Ans: A
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Assume the least squares equation is Y' = 10 + 20X. What does the value of 20 indicate?
A) Y intercept
B) For each unit increased in X, Y' increases by 20
C) For each unit increased in Y', X increases by 20
D) None the above
Ans: B
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Cheers,
Stan H.
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