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Use the Given Data to Find the Best Predicted Value r=0.003r = 0.003

question 35

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Use the given data to find the best predicted value of the response variable. Ten pairs of data yield r=0.003r = 0.003 and the regression equation y^=2+3x\hat { y } = 2 + 3 x . Also, yˉ=5.0\bar { y } = 5.0 . What is the best predicted value of yy for x=2x = 2 ?


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Price of X

The monetary value or cost assigned to a good or service, labeled as "X" as a placeholder for any specific item.

Price of Y

The market cost or value assigned to a good or service denoted by 'Y', influenced by factors such as supply, demand, and competition.

Money

An officially issued legal tender generally accepted as a medium of exchange, a unit of account, and a store of value.

Price of X

Denotes the amount of money required to purchase a specific good or service dubbed "X".

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