Question: Use the scatterplot in Figure 4.51 and the summary statistics given in Table 4.24, for a bivariate random sample of ???? = 150 observations, to
Use the scatterplot in Figure 4.51 and the summary statistics given in Table 4.24, for a bivariate random sample of ???? = 150 observations, to answer the following questions.
(a) Based on the scatterplot in Figure 4.51, is it reasonable to believe there is a linear relationship between the variables ???? and ????? Explain.
(b) If the sample correlation coefficient between ???? and ???? is ???? = −0.96, determine the equation of the least squares regression line.
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