Posted by **iyra** on Wednesday, February 10, 2010 at 7:54am.

An insurance company wishes to examine the relationship between income (in $,000) and the amount of life insurance (in $,000) held by families. The company drew a simple random sample of families and obtained the following results:

Family(Income)(Amount of life insurance)

A 50 120

B 80 200

C 100 220

D 80 160

E 80 180

F 120 270

G 70 150

H 100 240

I 60 160

J 90 210

What is the least squares estimates of the slope?

What is the least squares estimate of the Y intercept?

What is the prediction for the amount of life insurance for a family whose income is $85,000?

What would be the residual (error) term for a family income of $90,000?

## Answer This Question

## Related Questions

- statistics - An insurance company wishes to examine the relationship between ...
- math - An insurance company wishes to examine the relationship between income (...
- Math - An insurance company wishes to examine the relationship between income (...
- Statistics - An insurance company wishes to examine the relationship between ...
- Business Law and Taxes - Q. No.1.From the following information compute the ...
- stat - A survey was conducted to study the relationship between the annual ...
- math - he pie chart below shows how the total annual income for a certain family...
- math - An automotive insurance company has 25,000 policyholders. The accident ...
- statistics - This table shows claims and their probablity for an insurance ...
- statistics - 4. The average family income in the town of Seneville is $45 000, ...

More Related Questions