THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You are interested in determining the relationship between x and y.You have the following information:
b 0 = 117.4,b 1 = -14.39,s
= 0.18,s
= 0.18,n = 300,
= 4.3,SST = 17045,and SSE = 12053.
-Using regression techniques,we can plot a scatter diagram and plot a line to the data using the Least Squares method.Generally,the points do not fall directly on the line.Why does this happen? Is it a problem?

Question

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You are interested in determining the relationship between x and y.You have the following information:
b 0 = 117.4,b 1 = -14.39,s  
= 0.18,s  
= 0.18,n = 300,  
= 4.3,SST = 17045,and SSE = 12053.
-Using regression techniques,we can plot a scatter diagram and plot a line to the data using the Least Squares method.Generally,the points do not fall directly on the line.Why does this happen? Is it a problem?

Quizplus · Accepted Answer

The Answer of THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You are interested in determining the relationship between x and y.You have the following information:
b 0 = 117.4,b 1 = -14.39,s  
= 0.18,s  
= 0.18,n = 300,  
= 4.3,SST = 17045,and SSE = 12053.
-Using regression techniques,we can plot a scatter diagram and plot a line to the data using the Least Squares method.Generally,the points do not fall directly on the line.Why does this happen? Is it a problem?