Use the Given Data to Find the Best Predicted Value $\hat { y } = 2 + 3 x . \mathrm { Also } , \bar { y } = 5.0$

question 173

Multiple Choice

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

• A) 8.0
• B) 17.0
• C) 7.0
• D) 5.0

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Definitions:

Materials

Raw elements or substances used in the production or manufacturing of goods.

Variable Costs

Costs that change in proportion to the level of output or activity.

Total Costs

The sum of all expenses associated with the production of goods or services, including both fixed and variable costs.

Output

The amount of goods or services produced by a person, machine, factory, or country.