A study to determine the correlation between bank deposits and consumer price indices in Birmingham, Alabama, revealed the following (which was based on n 5 years of data) a) What is the equation of the least squares regression line b) Find the coefficient of correlation What does it imply to you c) What is the standard error of the estimate Er 15 55 xy 70 2y 20 2y2 130

Question: A study to determine the correlation between bank deposits and consumer price indices in Birmingham, Alabama, revealed the following (which was based on n =

A study to determine the correlation between bank deposits and consumer price indices in Birmingham, Alabama, revealed the following (which was based on n = 5 years of data):

. . Er . = 15 = 55 xy = 70 2y=

a) What is the equation of the least-squares regression line?
b) Find the coefficient of correlation. What does it imply to you?
c) What is the standard error of the estimate?

. . Er . = 15 = 55 xy = 70 2y= 20 2y2 = 130

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