Question

the data set shown​ below, complete parts​ (a) through​ (d) below. x 3 4 5 7 8 y 5 7 8 12 13 ​(a)  Find the estimates of beta 0 and beta 1. beta 0almost equalsb 0equals nothing ​(Round to three decimal places as​ needed.) beta 1almost equalsb 1equals nothing ​(Round to three decimal places as​ needed.)

Answer 1

For the given data set----

x---3 4 5 7 8

y---5 7 8 12 13

To obtain beta0 and beta1, I have used excel to fit the regression line

Steps are-----

enter the data into excel------click on data analysis-----

the view will look like----

The output of excel is-----

This output contains all information on regression related to x and y.

from output,

beta0= 0.209

beta1=1.628