I am having trouble with the following question,
I seem to be going round in circles obtaining the same value for
both x and x-bar, also y and y-bar
respectively.
Ques.-Two Variables, x and y, are plotted against each other on a
scatter diagram. The regression line of y on x has equation y=2x-3,
whilst x on y has equation x=0.4y+3. Find x-bar and y-bar.
Thankyou for your answer.
James,
The point here is that regression lines always go through the point
(x-bar, y-bar). This is basically because regression lines are
chosen to be as close it is possible for a straight line to be to
the data and so you'd expect it to hit the averages. Then you sit
down and do some calculations to see that you are actually right.
So all this question is really asking you to do is to intersect
these two lines. The point where the lines intersect will be
(x-bar, y-bar).
I'll leave you to do the algebra, but I think the answer is x-bar =
9, y-bar = 15.
AlexB.
Thanks very much Alex, it was the intersection at (x-bar,y-bar)
which was the clue I was missing.
p.s. your answers are right.