Question: Access the data labeled Debt_Payments from the text website and estimate Debt = 0 + 1Income + , where Debt is the average debt payments

Access the data labeled Debt_Payments from the text website and estimate Debt = β0 + β1Income + ε, where Debt is the average debt payments for a household in a particular city (in $) and Income is the city’s median income (in $1,000s).

a. Construct the 95% confidence interval for expected debt payments if a city’s median income is $80,000.

b. Construct the 95% prediction interval for debt payments if a city’s median income is $80,000.

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