The tobacco settlement negotiated by a team of eight attorneys general on behalf of 41 states resulted
Question:
a. Draw a scatter diagram of these data with tobacco settlement as the dependent variable, y, and population as the predictor variable, x.
b. Calculate the regression equation and draw the regression line on the scatter diagram.
c. If your states population were equal to 11.5 million people, of all 48 observations shown in the table, what would you estimate your states tobacco settlement to be? Make your estimate based on the equation and then draw a line on the scatter diagram to illustrate it.
d. Construct a 95% prediction interval for the estimate you obtained in part c.
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