Question
The following dataset Inc_Exp shows the income in thousands of rand per (Predictor) and Expenditure in thousands of rand per year (Response) of 12 persons,
The following dataset "Inc_Exp"shows the income in thousands of rand per (Predictor) and Expenditure in thousands of rand per year (Response) of 12 persons, selected at random.
Answer the following questions:
- Construct a simple linear regression equation for the data. State the regression equation.
- Interpret the estimated regression equation.
- Interpret the coefficient of determination for the regression equation.
Dataset "Inc_Exp" (provided below)
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Elementary Number Theory
Authors: James K Strayer
1st Edition
1478618507, 9781478618508
