A Bachelors in Finance (Hons) student wishes to see if there is a relationship between the amount of state debt per capita and the amount of tax per capita at the state level. The data for per capita state debt and per capita state tax are as follows: (b) Per capita debt ($) Per capita tax ($) 1924 1445 1734 1608 907 1838 661 1685 1842 1317

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
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(i) Determine the least square regression equation that can be used to estimate the per capita 
 tax on the per capita debt.

A Bachelors in Finance (Hons) student wishes to see if there is a relationship between the
amount of state debt per capita and the amount of tax per capita at the state level. The data
for per capita state debt and per capita state tax are as follows:
(b)
|Per capita debt ($)
Per capita tax ($)
907
1838
1924
1445
1608
661
1685
1734
1842
1317
Transcribed Image Text:A Bachelors in Finance (Hons) student wishes to see if there is a relationship between the amount of state debt per capita and the amount of tax per capita at the state level. The data for per capita state debt and per capita state tax are as follows: (b) |Per capita debt ($) Per capita tax ($) 907 1838 1924 1445 1608 661 1685 1734 1842 1317
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