Statistics and probalbility

The relationship between two variables, X and Y were studied using regression analysis. The X is the independent variable whereas Y is the dependent variable. The findings are shown in the APPENDIX I. (i) Explain with reasons if the regression analysis is appropriate to study the relationship between the two variables. (2 marks) (ii) Explain the relationship between the variables based on the findings obtained. (4 marks) [Total : 25 marks] APPENDIX I Correlation Matrix Row 1 Row 2 Row 1 1 Row 2 -0.98457 SUMMARY OUTPUT Regression Statistics Multiple R 0.984568 R Square 0.969374 Adjusted R Square 0.96427 Standard Error 4.295508 Observations 8 ANOVA Significance df SS MS F F Regression 1 3504.167 3504.167 189.9134 0.000 Residual 6 110.7083 18.45139 Total 7 3614.875 Standard Upper Coefficients Error t Stat P-value Lower 95% 95% Intercept 187.7083 6.322817 29.68746 0.000 172.237 203.1797 X Variable 1 -24.1667 1.753634 -13.7809 0.000 -28.4577 -19.8757