Question

Part B: Describe how you can make the line of best fit. Write the approximate slope and y-intercept of the line of best fit. Show your work, including the points that you use to calculate slope and y-intercept. (5 points)

Answer 1

We are using a line regression tool to solve the parameters asked in the problem. We can use online tools or that of Excel. According to the tool, the best fit values are 
 Slope0.3848 ± 0.03956
Y-intercept0.6053 ± 0.6370
X-intercept-1.573
1/Slope2.598

Best fit lines make sure that the standard deviation at each point is minimum from the best fit line.