Consider the Data Set Shown Below A) 149045
B) 0

question 83

Multiple Choice

Consider the data set shown below. Find the estimate of the y-intercept of the least squares regression line. $$\begin{array} { c | c | c | c | c | c | c | c } \mathrm { y } & 0 & 3 & 2 & 3 & 8 & 10 & 11 \\\hline \mathrm { x } & - 2 & 0 & 2 & 4 & 6 & 8 & 10\end{array}$$

• A) 1.49045
• B) 0.9003
• C) 0.94643
• D) 1.5

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Definitions:

Baseball Cards

Collectible items featuring baseball players, teams, or events, traditionally traded and valued by enthusiasts.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified period of time.

Perishable Crop

Agricultural products that have a short shelf life and can spoil or decay quickly, requiring timely sale and consumption.

Perfectly Inelastic

A situation in market demand where the quantity demanded does not change regardless of changes in the product's price.