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Instructions: Determine the equation of line of best fit for the data. Write your equation in y=𝑦= form. Do NOT include spaces in your answer.x𝑥y𝑦2244557710101212131315151515171720202222Equation:

Question

Instructions: Determine the equation of line of best fit for the data. Write your equation in y=𝑦= form. Do NOT include spaces in your answer.x𝑥y𝑦2244557710101212131315151515171720202222Equation:

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Solution

To find the equation of the line of best fit, we need to calculate the slope (m) and the y-intercept (b) for the given data points.

  1. Calculate the mean of x (x̄) and y (ȳ) values.
  2. Calculate the differences between each x value and the mean of x (x - x̄), and each y value and the mean of y (y - ȳ).
  3. Multiply these differences together for each data point and sum them up (∑(x - x̄)(y - ȳ)).
  4. Square the differences between each x value and the mean of x and sum them up (∑(x - x̄)²).
  5. The slope (m) is given by the formula m = ∑(x - x̄)(y - ȳ) / ∑(x - x̄)².
  6. The y-intercept (b) is given by the formula b = ȳ - m*x̄.
  7. Substitute m and b into the equation y = mx + b to get the equation of the line of best fit.

Please note that the actual calculation requires the specific x and y values, which are not provided in the question.

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Similar Questions

Activity (continued from previous page)4. Turn off Show least-squares fit line. Click New r, andsketch the scatter plot to the right.What is the value of r?Turn on Fit a line. Use the slope (m) and y-intercept (b)sliders to estimate the line that fits this data set best.Sketch your line and record its equation below.Equation of estimated line:Check your estimate by turning on Show least-squares fit line. Record the equation for theactual least-squares fit line.Least-squares fit line equation: Was your estimate close?

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We want to find the line 𝑦=𝑚𝑥+𝑐y=mx+c that best fits these data points in the least squares sense, where 𝑚m is the slope and 𝑐c is the y-intercept.

Find the regression line associated with the set of points. (Round all coefficients to four decimal places.)(5, 7), (7, 11), (11, 15), (13, 3)y(x) = −0.1786x+9.9643 Graph the data and the best-fit line. (Select Update Graph to see your response plotted on the screen. Select the Submit button to grade your response.)

The graph above shows a line of best fit for data collected on the amount of student loans in relation to the number of years it takes to pay them back. What is the equation of the line of best fit?

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