In Exercise 40, the line drawn on the scatterplot is the least-squares regression line. Explain the meaning of the phrase "least-squares" to Joan, who knows very little about statistics. | Numerade

Add Regression Line to ggplot2 Plot in R (Example) | Draw Linear Slope

'Create scatterplots using the data in the spreadsheet linked above and display the equation for the regression lineWhat is the equation for the regression line that predicts mortgage amount using household income as the explanatory variable? Ex: 1.234 x Ex: 1.234What is the interpretation of the slope?PickWhat is the interpretation of the intercept?Pick Pick Household income when mortgage amount is 0 Mortgage amount when household income is 0 No practical interpretation'