In the regression model ( y = a + bx) where x̅ = 2.50, y̅ = 5.50 and a = 1.50 (x̅ and y̅ denote mean of variables x and y and a is a constant), which one of the following values of parameter 'b' of the model is correct?

1
1.75
2
1.60
3
2.00
4
2.50

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