Use the data given below to answer the following question(s). Following is an extract from the database of a construction company. The table
shows the height of walls in feet and the cost of raising them. The estimated simple
linear regression equation is given as Ŷ = b0 + b1X. (Hint: cost is the function of
height)
Height (ft) Cost ($)
4 670
3 430
7 810
9 1100
6 790
8 880
5 760
11 1200
10) What is the value of the coefficient b0?
A) -2.25321
B) 0.010697
C) 254.8371
D) 86.81704
11) What is the value of the coefficient b1?
A) 86.81704
B) 254.8371
C) 0.010697
D) -2.14625