a) Develop the estimated regression equation for the data. And, use the estimated regression equation to predict the value of consumption when income is 10.

b) Compute SSE, SST, and SSR, and explain what SSE, SST, and SSR measure.

c) Compute the coefficient of determination and comment on the goodness of fit. In addition, compute the sample correlation coefficient, and comment on your result.

d) Use the t test to test the following hypothesis at ? = .05.

e) Use the F test to test the hypotheses at ?=.05.

J i_ Question-9 [15 points} Five observations were collected in a regression study on consumption of a specic good and incomesJ -.___s a a] Develop the estimated regression equation for the data. And; use the estimated regression equation to predict the value of consumption when income is 1D.+' 1.: .4 b} Compute SSE, EST, and SSH, and explain what SSE, EST, and SSH measure.+' .p c] Compute the coefcient of determination r2 and comment on the goodness of t. In addition, compute the sample correlation coefcient; and comment on your result.+' +1 d] Use the t test to test the following hypothesis at ct = .USAJ 1.: e] Use the F test to test the hypotheses at II=.I]5.+' 1.: +1 .p