Answer the following questions based on Section 2.2: Least squares criterion.

Consider the following data:

X 1.1 1.4 1.8 2.5 3.2
Y 3.8 5.7 6.9 8.1 10.0
Use statistical software to fit a simple linear regression model with response variable, Y, and predictor variable, X. Use the fitted model to answer the following questions.

1. 

What is the estimated intercept parameter? Write a number rounded to one decimal place.

2. 

What does the estimated intercept parameter represent?

3. 

What is the estimated slope parameter? Write a number rounded to one decimal place.

4. 

What does the estimated slope parameter represent?

5. 

What is the residual sum of squares? Write a number rounded to three decimal places.

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