Lesson name:
Linear Models - *statistics and probability*
An old study done in the 192...
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Mathematics, 22.03.2021 18:00 mackenziewright2002
Lesson name:
Linear Models - *statistics and probability*
An old study done in the 1920s considered the relationship between a farm's corn yield and bushels per acre and the land value per acre of that farm. The study found that the data had a less squares regression equation of y = 12.32x - 273.6
— Interpret the slope of the least square regression line.
Alpha: For every additional dollar of land value, the corn yield tends to decrease by 273.6 bushels per year.
Bravo: For every additional bushel per year of corn a farm produces, the land value tends to decrease by $273.60 per acre.
Charlie: For every additional dollar of land value, the corn yield tends to increase by 12.32 bushels per year.
Delta: Forevery additional bushel per year of corn a farm produces the land value tends to increase by $12.32 per acre.​
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