Determine the variance of the slope estimator
Assume a scientist postulates a model Yi= B0+ B1xi+ ei i=1, 2,...,n, and B0is a known value, not necessarily zero.
a) Determine the appropriate least squares estimator of B1? Justify your answer.
b) Determine the variance of the slope estimator?
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Determine the appropriate least squares estimator of B1? Justify your answer. Determine the variance of the slope estimator?
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