EXPLANATION
Given that we have the data set, we can apply the following representation:
x=0,0.5,1.5,2,2.5,3,3.5
y=96,95,88,85,84,76,75
Building the following table:
Then we have:
Now,
Replacing terms:
Computing terms:
Subtracting terms:
The regression of y on x is as follows:
Applying the distributive property:
Now, adding +599/7 to both sides:
Adding numbers:
Plugging in x=1.5 into the equation:
Multiplying numbers:
Subtracting numbers:
Hence, the solution is as follows:
y_estimated = 87.800