Use the given data to find the best predicted value of the r
Use the given data to find the best predicted value of the response variable.
Six pairs of data yield r = 0.789 and the regression equation
Yhat=4x- 2. Also, Ybar= 19.0
What is the best predicted value of y for x = 5?
Solution
The regression equation is given as y = 4x-2
i.e. slope = 4 and intercept = -2
When x=5, plug in 5 in the regression equation to get y.
y(5) = 4(5) -2 =18
