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The data summary chart below details the years of formal education (rounded to years) and the annual income (dollars) of 20 randomly selected adults. Predictor Coef StDev P Constant T -8458 3802 -2. 22 0. 039 Education 4524 .8 270.9 16. 70 0. 000 S = 4426 R-Sq - 93. 98 R-Sq (adj) = 93.6% 11. Write the equation of the regression line in the form y = a + bx (be sure to use correct notation and define your variables). y= - 8458+4524.8 (x ) 12. Explain/interpret the slope of the regression line in context to the problem. The slope of the regression line is 95 29. 8, The annual income increases by 95248 for each year you have aformal education 13. Explain/interpret the information provided by R-squared in the context of this problem. Be specific. 14. One of the adults who participated in the study had an annual income of $50,030 and 12 years of formal education. Calculate the residual associated with the point for this individual and interpret it