Question: 1. Find the estimated regression equation for the model: Consumption = b0+b1 ? income ? e2. In this model, the slope coefficient b1 is known

1. Find the estimated regression equation for the model: Consumption = b0+b1 ? income ? e2. In this model, the slope coefficient b1 is known as the marginal propensity to consume (MPC). Interpret its meaning. 3. Construct and interpret the 95% confidence interval for the mean consumption when disposable income is $15,000.

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