Examlex

Solved

You Are Given the Following Information About Y and X

question 108

Multiple Choice

You are given the following information about y and x. You are given the following information about y and x.   ​ The least squares estimate of the slope or b<sub>1</sub> equals A)  1. B)  -1. C)  -10.75. D)  10.75. ​ The least squares estimate of the slope or b1 equals


Definitions:

Point Estimate

A single value given as an estimate of a population parameter, often derived from sample data.

Population Parameter

A numerical value that characterizes a given population, such as mean or standard deviation.

Sample Statistic

A numerical measure calculated from a sample data set used to estimate characteristics of the population from which it is drawn.

Unbiased Estimator

A statistical estimator that, on average, accurately estimates the parameter of interest.

Related Questions