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I would like some assistance with the following regression analysis question Table 3: Data Expenditure & Output Expenditure on New Technologies ((x) Total Output (v)

I would like some assistance with the following regression analysis question

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Table 3: Data Expenditure & Output Expenditure on New Technologies ((x) Total Output (v) ($0,000) (000 units) 10 28 13 28 17 45 6 27 31 12 20 75 The company has contracted you to conduct an analysis of the data, to determine if there is any relationship between these variables. The company has suggested that you use the 'expenditure on new technologies' as the independent variable (x) and the total output as the dependent variable (y). Required (a) State three (3) assumptions that must hold to conduct a thorough regression analysis with the data given in Table 3. (3 Marks) (b) Do the relevant calculations and state the equation for the least squares line, for the data, (6 Marks) (c) Use the equation derived in part (b) to determine the total output that TherAPedic would expect to have if the company decided to spend $300,000 on new technology. (4 Marks) (d) Calculate and interpret the coefficient of correlation (r). (4 Marks) [e) State and interpret the coefficient of determination (?)

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