Exhibit 12-3
You Are Given the Following Information About Y

question 117

Multiple Choice

Exhibit 12-3
You are given the following information about y and x.
$\begin{array}{cc}\text { Dependent Variable Y) }&\text { Independent Variable } \mathbf{X} \text { ) }\\12 & 4 \\3 & 6 \\7 & 2 \\6 & 4\end{array}$
-Refer to Exhibit 12-3. The least squares estimate of b? equals

• A) 1
• B) -1
• C) -11
• D) 11

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Definitions:

0.01

A numerical value representing one hundredth, often used in statistics, measurements, and as a decimal in mathematical calculations.

Product

The result of multiplying two numbers together.

Dividing

The act of separating or partitioning something into two or more parts or sections.

Cups

Commonly used household items that serve as containers for drinking liquids.