SOLUTION: This table shows 4 observations of a pair of variables (x, y). The variables x and y are positively correlated, with a correlation coefficient of 0.99. Find the slope, b, of the le

Question 464024: This table shows 4 observations of a pair of variables (x, y). The variables x and y are positively correlated, with a correlation coefficient of 0.99. Find the slope, b, of the least squares regression line, y = ax + b, for these data.
x 1 2 3 4
y 1 3 7 10
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
This table shows 4 observations of a pair of variables (x, y). The variables x and y are positively correlated, with a correlation coefficient of 0.99. Find the slope, a, of the least squares regression line, y = ax + b, for these data.
x 1 2 3 4
y 1 3 7 10
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Note: Again, the points are not on a single line.
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Linear Regression equation: y = 3.1x - 2.5
slope = a = 3.1
intercept = b = -2.5
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Cheers,
Stan H.
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