Given a set of data points, which of the following equations represents the least squares regression line () for predicting from ?
Table of contents
- 1. Intro to Stats and Collecting Data1h 14m
- 2. Describing Data with Tables and Graphs1h 55m
- 3. Describing Data Numerically2h 5m
- 4. Probability2h 16m
- 5. Binomial Distribution & Discrete Random Variables3h 6m
- 6. Normal Distribution and Continuous Random Variables2h 11m
- 7. Sampling Distributions & Confidence Intervals: Mean3h 23m
- Sampling Distribution of the Sample Mean and Central Limit Theorem19m
- Distribution of Sample Mean - Excel23m
- Introduction to Confidence Intervals15m
- Confidence Intervals for Population Mean1h 18m
- Determining the Minimum Sample Size Required12m
- Finding Probabilities and T Critical Values - Excel28m
- Confidence Intervals for Population Means - Excel25m
- 8. Sampling Distributions & Confidence Intervals: Proportion1h 25m
- 9. Hypothesis Testing for One Sample3h 57m
- 10. Hypothesis Testing for Two Samples4h 50m
- Two Proportions1h 13m
- Two Proportions Hypothesis Test - Excel28m
- Two Means - Unknown, Unequal Variance1h 3m
- Two Means - Unknown Variances Hypothesis Test - Excel12m
- Two Means - Unknown, Equal Variance15m
- Two Means - Unknown, Equal Variances Hypothesis Test - Excel9m
- Two Means - Known Variance12m
- Two Means - Sigma Known Hypothesis Test - Excel21m
- Two Means - Matched Pairs (Dependent Samples)42m
- Matched Pairs Hypothesis Test - Excel12m
- 11. Correlation1h 24m
- 12. Regression1h 50m
- 13. Chi-Square Tests & Goodness of Fit2h 21m
- 14. ANOVA1h 57m
12. Regression
Linear Regression & Least Squares Method
Problem 12.3.15a
Textbook Question
[DATA] Concrete As concrete cures, it gains strength. The following data represent the 7-day and 28-day strength (in pounds per square inch) of a certain type of concrete:

a. Treating the 7-day strength as the explanatory variable, x, determine the estimates of β₀ and β₁.
Verified step by step guidance1
Step 1: Organize the data by listing all the 7-day strength values as the explanatory variable \(x\) and the corresponding 28-day strength values as the response variable \(y\).
Step 2: Calculate the means of \(x\) and \(y\), denoted as \(\bar{x}\) and \(\bar{y}\), using the formulas:
\(\bar{x} = \frac{1}{n} \sum_{i=1}^n x_i\)
\(\bar{y} = \frac{1}{n} \sum_{i=1}^n y_i\)
where \(n\) is the total number of data points.
Step 3: Compute the slope estimate \(\hat{\beta}_1\) of the regression line using the formula:
\(\hat{\beta}_1 = \frac{\sum_{i=1}^n (x_i - \bar{x})(y_i - \bar{y})}{\sum_{i=1}^n (x_i - \bar{x})^2}\)
This measures how much \(y\) changes for a unit change in \(x\).
Step 4: Calculate the intercept estimate \(\hat{\beta}_0\) using the formula:
\(\hat{\beta}_0 = \bar{y} - \hat{\beta}_1 \bar{x}\)
This represents the expected value of \(y\) when \(x\) is zero.
Step 5: Write the estimated regression equation as:
\(\hat{y} = \hat{\beta}_0 + \hat{\beta}_1 x\)
This equation can be used to predict the 28-day strength based on the 7-day strength.
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Key Concepts
Here are the essential concepts you must grasp in order to answer the question correctly.
Simple Linear Regression
Simple linear regression models the relationship between two variables by fitting a linear equation y = β₀ + β₁x. Here, β₀ is the intercept and β₁ is the slope, representing the expected change in y for a one-unit change in x. It is used to predict the dependent variable based on the independent variable.
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Least Squares Estimation
Least squares estimation is a method to find the best-fitting line by minimizing the sum of the squared differences between observed and predicted values. It provides formulas to calculate estimates of β₀ and β₁ that minimize prediction errors in the regression model.
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Explanatory and Response Variables
In regression analysis, the explanatory variable (x) is the predictor or independent variable, while the response variable (y) is the outcome or dependent variable. Understanding which variable explains or predicts the other is crucial for correctly setting up and interpreting the regression.
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