Which of the following is the formula for the y-intercept of the "best-fit" line equation? \[ \begin{array}{l} b=r\left(\frac{s_{y}}{s_{z}}\right) \\ b=\bar{y}-m \bar{x} \\ b=\bar{x}-m \bar{y} \\ b=y-m x \\ b=m \bar{x}-\bar{y}\end{array} \]
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Bonus Knowledge
The correct formula for the y-intercept \( b \) of the best-fit line equation is \( b = \bar{y} - m \bar{x} \). In this equation, \( \bar{y} \) is the mean of the y-values, \( \bar{x} \) is the mean of the x-values, and \( m \) is the slope of the line. This formula essentially allows us to determine where our line crosses the y-axis, providing a solid foundation to understand the linear relationship between the variables. In real-world scenarios, the best-fit line and its y-intercept help in various fields like economics, social sciences, and even sports analytics! For example, researchers might use it to predict future sales based on past data trends or to understand the relationship between hours studied and exam scores among students. This can assist businesses or educators in making data-driven decisions that are more accurate and effective!
