Question: a. Use a 0.05 significance level to test for a linear correlation between consumption and income. b. What percentage of the variation in consumption can

a. Use a 0.05 significance level to test for a linear correlation between consumption and income.

b. What percentage of the variation in consumption can be explained by the linear relationship between consumption and income?

c. Find the equation of the regression line that expresses consumption (y) in terms of income (x).

d. What is the best predicted consumption amount if the income is $365?

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