Consider the linear regression model yi=β0+β1xi+ϵi; i=1,2,…,n, where ϵi's are i.i.d. standard normal random variables. Given that
n1i=1∑nxi=3.2,n1i=1∑nyi=4.2,n1j=1∑n(xj−n1i=1∑nxi)2=1.5 and
n1j=1∑n(xj−n1i=1∑nxi)(yj−n1i=1∑nyi)=1.7,
the maximum likelihood estimates of β0 and β1, respectively, are