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Answer :
The sum of squared errors (SSE) with respect to the best-fit line is 225864.
To calculate the sum of squared errors (SSE) with respect to the best-fit line, we need to find the difference between the predicted y-values and the actual y-values, square each difference, and sum them up.
Given the equation of the best-fit line: y = 5x - 22.
We have the following data:
Amount paid (y): 80, 50, 60, 100, 50
Distance (x): 20, 50, 60, 100, 50
Step 1: Calculate the predicted y-values (y_pred) using the equation of the best-fit line.
For each corresponding x-value, substitute it into the equation:
y_pred = 5x - 22.
Calculating the predicted y-values:
y_pred = 5(20) - 22 = 78
y_pred = 5(50) - 22 = 228
y_pred = 5(60) - 22 = 278
y_pred = 5(100) - 22 = 478
y_pred = 5(50) - 22 = 228
Step 2: Calculate the squared differences between the actual y-values and the predicted y-values.
For each corresponding data point, subtract the predicted y-value from the actual y-value, and square the difference.
Calculating the squared differences:
(80 - 78)² = 4
(50 - 228)² = 36100
(60 - 278)² = 42436
(100 - 478)² = 110224
(50 - 228)² = 36100
Step 3: Sum up the squared differences.
SSE = (4) + (36100) + (42436) + (110224) + (36100) = 225864.
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