Problem

Use the given data to find the best predicted value of the response variable. Ten pairs of data yield r=0.003 and the regression equation y^=2+3x. Also, y¯=5.0. What is the best predicted value of y for x=2 ?
A. 7.0
B. 8.0
C. 17.0
D. 5.0

Answer

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Answer

So, the best predicted value of y for x=2 is 8.0.

Steps

Step 1 :Given the regression equation y^=2+3x, we substitute x=2 into the equation to find the predicted value of y.

Step 2 :After substitution, we get y^=2+32.

Step 3 :Solving the equation, we get y^=8.

Step 4 :So, the best predicted value of y for x=2 is 8.0.

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