The population parameters that describe the y-intercept and slope of the line relating y and x are β₀ and β₁ respectively.
<h3>What is a population model?</h3>A population model can be represented by the equation:
Where μy is the population mean, β₀ is the y intercept and β₁ is the slope of the line
The population parameters that describe the y-intercept and slope of the line relating y and x are β₀ and β₁ respectively.
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