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Use the following multiple regression equation. = 20 − 7X₁₁ + 9X₂i

Interpret the meaning of the slopes. Interpret the meaning of the Y intercept.

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Final answer:

The slopes in the regression equation represent the change in the dependent variable Y with respect to each independent variable; -7 for X1 and +9 for X2. The Y-intercept of 20 represents the expected value of Y when both independent variables are zero.

Step-by-step explanation:

The slopes in the multiple regression equation represent the relationship between the independent variables (X's) and the dependent variable (Y). In the given equation = 20 - 7X₁₁ + 9X₂ₒ, the coefficient of X₁ which is -7, indicates that for every one-unit increase in X₁, the dependent variable Y is expected to decrease by 7 units, assuming all other variables are held constant. Conversely, the coefficient of X₂, which is +9, suggests that for every one-unit increase in X₂, Y is expected to increase by 9 units, all else being equal.

The Y-intercept is the value of Y when all independent variables are 0. In this equation, the Y-intercept is 20. This means that if both X₁ and X₂ were to be zero, the expected value of Y would be 20.

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