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Use the following steps to find the equation of line of best fit for a set of ordered pairs (x1,y1),(x2,y2),...(xn,yn) .
Step 1: Calculate the mean of the x -values and the mean of the y -values.
X¯¯¯=∑i=1nxinY¯¯¯=∑i=1nyin
Step 2: The following formula gives the slope of the line of best fit:
m=∑i=1n(xi−X¯¯¯)(yi−Y¯¯¯)∑i=1n(xi−X¯¯¯)2
Step 3: Compute the y -intercept of the line by using the formula:
b=Y¯¯¯−mX¯¯¯
Step 4: Use the slope m and the y -intercept b to form the equation of the line.
Step-by-step explanation:
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