An insurance company wishes to examine the relationship between income (in $,000) and the amount of life insurance (in $,000) held by families. The company drew a simple random sample of families and obtained the following results:
| Family | Income | Amount of life insurance |
| A | 40 | 110 |
| B | 80 | 200 |
| C | 110 | 220 |
| D | 80 | 150 |
| E | 80 | 170 |
| F | 120 | 270 |
| G | 60 | 140 |
| H | 100 | 240 |
| I | 60 | 150 |
| J | 90 | 200 |
What is the least squares estimate of the slope?
+118723 This video should help you.
Follow the example on the veideo clip properly
THEN apply this knowledge to your question.
https://www.youtube.com/watch?v=JvS2triCgOY
in the video the gradient is the b1 value
+118723 This video should help you.
Follow the example on the veideo clip properly
THEN apply this knowledge to your question.
https://www.youtube.com/watch?v=JvS2triCgOY
in the video the gradient is the b1 value
