Textbook ExpertVerified Tutor
16 Nov 2021
Given information
Given that, a random sample of ten professional athletes produced the following data where x is the number of endorsements the player has and y is the amount of money made (in millions of dollars).
We have to find the y-intercept of the line of best fit and tell what does it represent.
Step-by-step explanation
Step 1.
The equation for the line of best fit using regression is given by,
So the y-intercept is 2.23. It means that on average, players with no endorsements earn $2.23 million each year.
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