Question: Using the data from Table 14.1, let debt payments represent the response variable and income represent the explanatory variable. a. Calculate and interpret b 1.

Using the data from Table 14.1, let debt payments represent the response variable and income represent the explanatory variable.

a. Calculate and interpret b 1.

b. Calculate and interpret b0.

c. What is the sample regression equation?

d. Predict debt payments if income is $80,000.

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