Equation of the regression line for the paired data
The equation of the regression line for the paired data below is y = 3x. Find the total variation.
x 2 4 5 6y 7 11 13 20
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Many tax planning strategies are imbedded in provisions of the tax law; however tax planners and tax preparers may push the limits of the law into gray areas such that positions taken on returns or in transactions have been challenged by the IRS.
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The regression line equation for a set of data is y = 16.97 + 0.75x. What is the predicted y-value for 24?
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