SOLUTION: What is the difference between the following two regression equations? y(with an inverted v above it) = bₒ + b₁x y = βₒ + β₁x Choose the

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Question 757674: What is the difference between the following two regression equations?
y(with an inverted v above it) = bₒ + b₁x y = βₒ + β₁x
Choose the correct answer below:
A. The first equation is for sample data; the second equation is for a population.
B. The first equation is for a population; the second equation is for sample data.








Answer by MathLover1(20849)   (Show Source): You can put this solution on YOUR website!

y(with an inverted v above it) = bₒ + b₁x
Using observed or sample data for values of x
and y, estimates of the parameters bₒ and b₁ are
obtained and the estimated regression line is

y = βₒ + β₁x
where y is the value of y that is predicted from
the estimated regression line.

answer is: A
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