SOLVED: Simple Regression EstimationConsider the following simple regression model: Y = Bo B1x u, and a random sample of n=12 observations. The sample mean of x is X = 5. The OLS intercept estimate is Bo = 5 and the slope estimate is B1 = 3. The sum of squared residuals is SSR = 30 and the R-squared is 0.70. The total sum of squares in the X variable is SST, E(xi - 2)2 = 110. i=1.

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