Question
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Which of the following is the formula for the y-intercept of the “best-fit” line equation?

Ask by Jimenez Ortiz. in the United States
Mar 09,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

The y-intercept of the best-fit line is .

Solution

To find the formula for the y-intercept of the “best-fit” line equation, we need to understand the components involved in the equation of a line in the context of linear regression.
The equation of a best-fit line (linear regression line) can be expressed as:
where:
  • is the slope of the line,
  • is the y-intercept,
  • is the mean of the x-values,
  • is the mean of the y-values.
The formula for the y-intercept can be derived from the equation of the line. It can be expressed as:
This means that the y-intercept is equal to the mean of the y-values minus the product of the slope and the mean of the x-values.
Now, let’s analyze the options provided:
  1. - This is not the formula for the y-intercept.
  2. - This is the correct formula for the y-intercept.
  3. - This is not the formula for the y-intercept.
  4. - This is a rearranged form of the line equation but not specifically for the y-intercept.
  5. - This is incorrect.
Thus, the correct answer is:

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Bonus Knowledge

The correct formula for the y-intercept of the best-fit line equation is . In this equation, is the mean of the y-values, is the mean of the x-values, and 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!

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