You have been provided with following information for income (I) and consumption (C) for a small Oceanic economy, derived from annual data for the period 2014-18: Mean of income = $200 Standard deviation of income = $20 Mean of consumption = $160 Standard deviation of consumption = $16 bn Correlation coefficient (r) = 0.9 Requirements. For the linear equation y = b0 + b1x: Q1. Calculate b1 Q2. Calculate b0 Q3. Draw a graph to show the relationship between income and consumption Q4. Estimate consumption when income is $65 Q5. Estimate consumption when income is $88