Thanks! I mostly intend for this app to be a teaching aide, i.e. soemthing I pull up while lecturing and walk them through what's going on.
Regression estimate: The estimated slope of the line, or (to interpret it causally), the estimated effect that X has on Y
Standard deviation: How spread apart the values are from the mean. For example, rolling a six-sided dice has smaller variance than rolling a 20-sided dice. The 20-sided dice gives values that are more spread out. In other words, higher SD = more noise.
You can tell how much noise there is by how sparead out the blue dots are around the line, yes.
Thanks! I mostly intend for this app to be a teaching aide, i.e. soemthing I pull up while lecturing and walk them through what's going on.
You can tell how much noise there is by how sparead out the blue dots are around the line, yes.