Solveeit Logo

Question

Economics Question on Linear regression

You are given the following data for two variables X and Y:
Xˉ=2.00,Yˉ=4.67\bar{X} = 2.00, \bar{Y}= 4.67
Regression coefficient of Y on X = 1.50
What is the estimated value of intercept in the regression of Y on X?

A

7.67

B

1.67

C

2.335

D

24.67\frac{2}{4.67}

Answer

1.67

Explanation

Solution

The correct option is(B): 1.67