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January 29, 2015

January 29, 2015

Posted by **Jak** on Monday, April 22, 2013 at 2:29am.

(Family) (Income) (Amount of life insurance)

A, 80, 120

B, 100, 200

C, 110, 220

D, 90, 160

E, 80, 180

F, 140, 270

G, 110, 150

H, 100, 240

I, 80, 160

J, 100, 210

QUESTION a

What is the least squares estimate of the slope?

Answer should be to four decimal places e.g. 1.2345.

QUESTION b

What is the least squares estimate of the Y intercept?

Answer should be to four decimal places e.g. 1.2345.

QUESTION c

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

QUESTION d

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

- Statistics -
**PsyDAG**, Monday, April 22, 2013 at 9:11amWe do not do your homework for you. Although it might take more effort to do the work on your own, you will profit more from your effort. We will be happy to evaluate your work though.

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