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S 20-30 points]: An Economist is studying the relationship between income and savings. He has randomly selected 10 subjects and obtained income and savings

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S 20-30 points]: An Economist is studying the relationship between income and savings. He has randomly selected 10 subjects and obtained income and savings data from them. He believes that savings would depend on income for the subjects. Perform appropriate analysis on the following data at 0.03 level of significance and answer the following questions. Subject Savings Income ($1000s) ($1000s) 1 0.2 28 2 0.0 25 3 0.8 34 4 1.2 43 5 3.1 48 18 2.1 39 7 8.3 74 18 3.5 52 9 3.3 59 10 6.5 65

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