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In: Statistics and Probability

a research center base in Canada used data sample of 25 university that over degree programme...

a research center base in Canada used data sample of 25 university that over degree programme to investigate the nature of relationship between annual salaries of graduates Y and annual tuition fees X of these institutions .all measured in thousand of dollar per year . Preliminary analysis of the sample data produced the following sample information. summation Y=1034.97, summation Y^2 = 45237.19, summation X=528.599, summation X^2 = 11432.92 ,summation XY = 22250.54, n = 25. Use the above information to obtain the ordinary least square (OLS) estimate b1 cal and b2 cal and interpret the estimated equation of the regression line

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