The required regression equation for the line of best fit, where x represents the month and y-hat represents the predicted time is;
y = -2.78x + 48.5
A regression equation is defined as the equation that is used in stats to find out what relationship, if any, exists between sets of data
From the given table, let x represents the month and y represents the time. Thus;
Mean of x; x-bar = (1+2+3+4+5+6)/6 = 21/6
x-bar = 3.5
Mean of y; y-bar = (47+43+39+36+35+33)/6
y-bar = 233/6 = 38.83
∑x = 21
∑y = 233
Using statistics calculator;
Sum of squares (SSX) = 17.5
Sum of products (SP) = -48.5
The general form of a regression Equation is;
y-bar = bx-bar + a
Where;
b = SP/SSX
= -48.5/17.5
= -2.77143
a = y-bar - b(x-bar) = 38.83 - (-2.77×3.5) = 48.53333
y = -2.78x + 48.5
Thus, the required regression equation is y = -2.78x + 48.5 for the line of best fit.
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