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Question: Determine the following values:
n = 479
Σ HP = 116,553
Σ MPG = 9,346
Σ (HP2) = 32,654,855
Σ (MPG2) = 196,038
Σ (HP x MPG) = 2,109,130
If you wanted to predict the gasoline mileage of a 2006 car with 250 horsepower, what equation would you use? (x = HP and y = MPG)
[A] What would be your prediction?
[A] What does b1, the slope, represent?
[C] Where is the centroid?
[D] What does b0, the y-intercept, represent?
[E] Prove that the regression line passes through the centroid.
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Justify the conclusion by describing the relevant information from the output.
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