II. Data on income and Expenditure of some families are given: Income 20 35 34 18 40 (X) Expenditure 30 28 54 16 35 (Y) A. Find the Karl Person's coefficient of correlation B. Find an estimate of income when expenditure is 15 C. Find an estimate of expenditure when income is 25 D. Estimate the simple linear regression model

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section: Chapter Questions
Problem 18T
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II. Data on income and Expenditure of some families are given:
Income
20
35
34
18
40
(X)
Expenditure
30
28
54
16
35
(Y)
A. Find the Karl Person's coefficient of correlation
B. Find an estimate of income when expenditure is 15
C. Find an estimate of expenditure when income is 25
D. Estimate the simple linear regression model
Transcribed Image Text:II. Data on income and Expenditure of some families are given: Income 20 35 34 18 40 (X) Expenditure 30 28 54 16 35 (Y) A. Find the Karl Person's coefficient of correlation B. Find an estimate of income when expenditure is 15 C. Find an estimate of expenditure when income is 25 D. Estimate the simple linear regression model
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