Develop a point estimate of the mean value of y when x1 180
Develop a point estimate of the mean value of y when x1 = 180 and x2 = 310 (to 3 decimals).
Develop a point estimate for an individual value of y when x1 = 180 and x2 = 310 (to 3 decimals).
Solution
For a point estimate of mean value of y plug in x1 and x2 values in the regression equation.
y = 29.1270+0.5906(180)+0.4980(310)
= 289.815
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Point estimate for individual value also is same as 289.815
