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Scenario 3 A researcher investigated the relationship between family income and their savings. Using the data from 15 families, the computed r between income and savings was found to be 0.76. The researcher wants to test if there is a significant relationship between the two variables at 5% level of significance and create a regression equation to predict the possible savings given the income of the family. (5 points) 1. Interpret the computed r value. (Write your interpretation in statement form) 2. Test if there is a significant relationship between the two variables at 5% level of significance. (Show complete proof steps with conclusion in statement form) Scenario 4: It was reported that 54% of kids said that they had snack after school. A random sample of 60 kids was selected and 36 said that they had their snacks after school. At 10% level of significance, test if the report is true. (5 points) 1. Test the hypothesis in the given situation. 2. Follow the steps in hypothesis testing and draw a conclusion. 3. Write the null and alternative hypothesis in sentence form and in symbols. 4. Shade the rejection region in the normal curve. 5. Write the conclusion in statement form