In a linear equation relating income and consumption, you know that the intercept is $1,000 and the slope of the line is 4. if i
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Answer:
And for this case the interpretation for the slope would be that for every unit that the height in inches increase then the weight in pounds increase 6 units.
For the intercept of 135 represent the amount initial amount of weight for the scale.
Step-by-step explanation:
We assume that they use least squares in order to create the regression equation
For this case we need to calculate the slope with the following formula:
Where:
With these we can find the sums:
And the slope would be:
The means for x and y are given by:
And we can find the intercept using this:
For this case we know that the line adjusted is:
And for this case the interpretation for the slope would be that for every unit that the height in inches increase then the weight in pounds increase 6 units.
For the intercept of 135 represent the amount initial amount of weight for the scale.