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Solve clearly The table below represents a data on daily consumption and income for 5 students at UCR: Person Income (X) $ Consumption (Y) S

Solve clearly

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The table below represents a data on daily consumption and income for 5 students at UCR: Person Income (X) $ Consumption (Y) S 10 10 2 20 16 3 40 30 4 80 56 5 100 74 a. Find a , B , where Yi=d + B X tul, and E (Y/X) = a + B X? b. Interpret the coefficient in part (a) and draw the consumption curve? c. Find u for each of the 5 students? Find the SST, SSR, and SSE? d. Find and explain and R-squared ( Rz) ? e. Find the variance and standard error of B ? f. Find answers a to e using Stata

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