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In: Statistics and Probability

We have a dataset with n = 10 pairs of observations (xi; yi), and Xn i=1...

We have a dataset with n = 10 pairs of observations (xi; yi), and Xn i=1 xi = 683; Xn i=1 yi = 813; Xn i=1 x2i = 47; 405; Xn i=1 xiyi = 56; 089; Xn i=1 y2 i = 66; 731: What is the line of best t for this data?

Solutions

Expert Solution

Here we are given with details

n = 10

we know that best fit line is given by :

where

and

So from above equations

and

So the best fitted line is

orchestra answered 3 years ago
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