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Consider statistics as a problem-solving process and examine its four components: asking questions, collecting appropriate data, analyzing the data, and interpreting the results. This session investigates the nature of data and its potential sources of variation. Variables, bias, and random sampling are introduced. View Transcript. It is obtained by dividing the sum of data by the number of observations. The formula is: Example: Find the mean of the following set of integers. 8, 11, –6, 22, –3. Solution: Example: The set of scores 12, 5, 7, -8, x, 10 has a mean of 5. Find the value of x.Linear regression is used to model the relationship between two variables and estimate the value of a response by using a line-of-best-fit. This calculator is built for simple linear regression, where only one predictor variable (X) and one response (Y) are used. 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