Exhibit 14-7
You are given the following information about y and x.
-Refer to Exhibit 14-7. The least squares estimate of b₀ (intercept) equals

Question

Exhibit 14-7 You are given the following information about y and x. -Refer to Exhibit 14-7. The least squares estimate of b₀ (intercept) equals A)-10 B)10 C)0.5 D)-0.5

Quizplus · Accepted Answer

The least squares estimate of the intercept (b₀) is typically calculated as the mean of the dependent variable minus the product of the slope (b₁) and the mean of the independent variable. Without specific data from Exhibit 14-7, the choice provided as 10 is assumed to be the correct intercept based on typical calculation methods.

Exhibit 14-7 You Are Given the Following Information About Y and X