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Hello Tutor, I need help with the question bellow, Thank you Account Balance Income Yeats of EducationSize of Household 8976 63 12 2 8308 37

Hello Tutor, I need help with the question bellow, Thank you

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Account Balance Income Yeats of EducationSize of Household 8976 63 12 2 8308 37 14 2 10028 52 16 2 11256 64 15 4 9869 47 17 2 10194 74 15 2 8706 49 12 2 9557 58 14 2 10565 70 16 3 9434 69 11 3 9687 25 18 3 9490 57 15 l 8806 46 14 3 9561 48 16 2 11757 80 15 3 9406 66 14 2 11150 46 15 3 7671 28 12 2 8803 53 13 l 9571 52 15 2 9566 77 12 3 7885 32 14 3 9773 55 11 1 9121 52 15 2 9298 43 14 3 10285 65 15 2 7801 38 12 1 9323 52 14 2 8643 36 16 3 12466 85 15 2 9447 64 14 2 10727 86 15 2 9243 57 15 3 9311 68 12 2 11033 74 14 3 11721 82 16 2 8727 24 15 3 8438 37 15 3 8317 55 12 2 8617 50 14 1 9052 39 16 3 10889 73 15 3 7766 26 14 1 9189 47 15 2 The data is collected for building a regression model to predict credit card balance of retail banking customers in a Canadian bank. Use this data to perform a simple regression analysis between Account balance and Income (in thousands). a Develop a scatter diagram using Account Balance as the dependent variable y and Income as the independent variable x. b Develop the estimated regression equation. c Use the estimated regression equation to predict the Account Balance of a customer with Income of $58 thousands. d. Use the critical-value approach to perform an F test for the significance of the linear relationship between account balance and Income at the 0.05 level of significance. e What percentage ofthe variability of Account Balance can be explained by its linear relationship with Income? f. Use the p-value approach to perform a t test for the significance ofthe linear relationship between Account Balance and Income at the 0.05 level of significance

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