[solved]-The Table Shows For The Years 1997 2012 The Mean Hourly Wage For Residents Of Th

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Summary statistics yield: SSxx = 1222.2771, SSxy = 3031.7125, SSyy = 9144.9375, x = 21.2675,

and y = 95.0625.

a) Find the equation of the regression line for the given data.

b) What would be the best predicted weekly rent for an individual in 2008 y= or y = Round the regression line values and mean to the nearest hundredth.

c) The decision to use y hat or the mean of y was based upon what computed value?

Expert Answer

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