Questions: Consider the following pairs of observations. Complete parts a through f below.
y 4 2 5 3 3
x 1 4 5 3 3
a. Construct a scatterplot of the data. Choose the correct graph below.
A.
B.
C.
D.
b. Use the method of least squares to fit a straight line to the six data points.
ŷ = + × (Round to three decimal places as needed.)
c. Plot the least squares line on the scatterplot of part a. Choose the correct graph below.
A.
B.
C.
D.
Transcript text: Consider the following pairs of observations. Complete parts a through f below.
\begin{tabular}{c|ccccc}
\hline$y$ & 4 & 2 & 5 & 3 & 3 \\
$\mathbf{x}$ & 1 & 4 & 5 & 3 & 3 \\
\hline
\end{tabular}
a. Construct a scatterplot of the data. Choose the correct graph below.
A.
B.
C.
D.
b. Use the method of least squares to fit a straight line to the six data points.
$\hat{y}=\square+\square \times$ (Round to three decimal places as needed.)
c. Plot the least squares line on the scatterplot of part a. Choose the correct graph below.
A.
B.
C.
D.
Solution
Solution Steps
Step 1: Construct the scatterplot
The scatterplot should represent the given pairs of (x, y) values: (1, 4), (4, 2), (5, 5), (2, 2), (3, 3), and (4, 4). Plotting these points corresponds to graph B.
Step 2: Calculate the least squares line
To find the least squares line, we need to calculate the slope (b1) and y-intercept (b0) using the following formulas: