Y^ = b0 + b1X1 The following table shows the calculations for regression line: The following...

Y^ = b₀ + b₁X₁

The following table shows the calculations for regression line:

	Customers (in 1000s), X	Line Maintenance Expense (in $1000s), Y	X^2	Y^2	XY
	25.3	484.6	640.09	234837.16	12260.38
	36.4	672.3	1324.96	451987.29	24471.72
	37.9	839.4	1436.41	704592.36	31813.26
	45.9	694.9	2106.81	482886.01	31895.91
	53.4	836.4	2851.56	699564.96	44663.76
	66.8	681.9	4462.24	464987.61	45550.92
	78.4	1037	6146.56	1075369	81300.8
	82.6	1095.6	6822.76	1200339.36	90496.56
	93.8	1563.1	8798.44	2443281.61	146618.78
	97.5	1377.9	9506.25	1898608.41	134345.25
	105.7	1711.7	11172.49	2929916.89	180926.69
	124.3	2138.6	15450.49	4573609.96	265827.98
Total	848	13133.4	70719.06	17159980.62	1090172.01

Sample size: n = 12

Question. According to equation Y^ = b₀ + b₁X₁ what level of line maintenance expense would be expected for a phone company with 75,000 customers show how you arrive at this value.

Expert Solution

keosha answered 1 year ago

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