Compute the least-squares line for predicting mileage from


Inertial weight (in tons) and fuel economy (in mi/gal) were measured for a sample of seven diesel trucks. The results are presented in the following table. (From "In-Use Emissions from Heavy-Duty Diesel Vehi- cles," J. Yanowitz, Ph.D. thesis, Colorado School of Mines, 2001.)

Weight

Mileage

8.00

7.69

24.50

4.97

27.00

4.56

14.50

6.49

28.50

4.34

12.75

6.24

 21.25         4.45

a. Construct a scatterplot of mileage (y) versus weight (x).

b. Compute the least-squares line for predicting mileage from weight.

c. If two trucks differ in weight by 5 tons, by how much would you predict their mileages to differ?

d. Predict the mileage for trucks with a weight of 15 tons.

e. What are the units of the estimated slope βˆ1 ?

f. What are the units of the estimated intercept βˆ0 ?

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Microeconomics: Compute the least-squares line for predicting mileage from
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