The table gives 6 paired observations of x = car age in years and y = price in k€. Use the least-squares line ŷ = a + b·x. Find the slope b.
Linear regression & correlation worksheet with answers
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The table gives 5 paired observations of x = car age in years and y = price in k€. Use the least-squares line ŷ = a + b·x. A new observation (2.5, 22) is made. Find its residual e = y − ŷ.
The table gives 6 paired observations of x = car age in years and y = price in k€. Use the least-squares line ŷ = a + b·x. A new observation (1.5, 20) is made. Find its residual e = y − ŷ.
Answer key
- 1. b = −2.2
- 2. b = 2.7
- 3. r = 0.9812
- 4. r = 0.9935
- 5. e = −1.95
- 6. e = −1.586
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