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Use the below data given to answer the below questions for a case report. A. Data sources B. Key results and tables (ANOVA table, regression

Use the below data given to answer the below questions for a case report.

A. Data sources

B. Key results and tables (ANOVA table, regression plots, etc.)

C. A discussion of the data (for the final question, be sure to touch on possible multicollinearity)

Data Given

Income ($1000s)Household SizeAmount Charged ($)
5434,016
3023,159
3245,100
5054,742
3121,864
5524,070
3712,731
4023,348
6644,764
5134,110
2534,208
4844,219
2712,477
3322,514
6534,214
6344,965
4264,412
2122,448
4412,995
3754,171
6265,678
2133,623
5575,301
4223,020
4174,828
5465,573
3012,583
4823,866
3453,586
6745,037
5023,605
6755,345
5565,370
5223,890
6234,705
6424,157
2233,579
2943,890
3922,972
3513,121
3944,183
5433,730
2364,127
2722,921
2674,603
6124,273
3023,067
2243,074
4654,820
6645,149

EXAMPLE

image text in transcribedimage text in transcribed
III. Data sources. Data for this study was obtained in our company's internal documents from the Operations Department (stated in the original problem). IV. Key results tables, interpretations and discussions [ together or separate] With the data obtained, we conduct the regression analysis using Excel's Linear Regression function, and attach the summary output and related figure below: SUMMARY OUTPUT Correlation Analysis Regression Statistics CcSpending Anincome Multiple R 0.xxxxxxx9 CcSpending R Square O.AB AnIncome -0.XYXYXY Adjusted R Square 0.XYZStandard Error 2.QQQ Observations 20 ANOVA df MS F Significance F Regression 1 ? ? 7 6.40178E-05 Residual 18 ? 6.0273634 Total 19 269.75 Standard Coefficients Error 1 Stat P-value Lower 95% Upper 95% Intercept 7.xyz D.ysz AnIncome -0.uyz The F test for the overall model is significant at .001 as is the t value testing the slope. The ~ of AB indicates that almost AB% of the variation of credit card spending is accounted for by the annual income. The standard error of the estimate is 2.QQQ which is a modest error. The regression equation has an intercept of 7.xyz which indicates that the model predicts that a household will have an average of AXYZ credit card spending if the household has no annual income. The significant t-Statistics at a=0.05 level for the annual income indicate that we could reject the null hypothesis that H.: b=0. The following figure also demonstrates the relationship between ABC and XYZ

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