(Answered) Yu run a regression analysis on a bivariate set of data n

Economics

You run a regression analysis on a bivariate set of data (n = 52). With ¯x=67.8 and ¯y=62.9 you obtain the regression equation

y=-1.498x - 46.995

with a correlation coefficient of r=-0.46. You want to predict what value (on average) for the response variable will be obtained from a value of 150 as the explanatory variable.

What is the predicted response value?

y = ____________________________

(Report answer accurate to one decimal place.)

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