The following 10 observations of variables x and y were collected.
Find the least squares regression line, and the estimated value of y when x = 3.
Definitions:
Present Value
The value in today's currency of a future sum of money or series of cash flows, discounted using a known rate of return.
Investments
Assets or items acquired with the goal of generating income or appreciation, such as stocks, bonds, real estate, or commodities.
Average Rate
The mean rate calculated over a period or series of events, often used in finance to describe average interest or return rates.
Return
The profit or loss derived from an investment over a particular period, usually expressed as a percentage.
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