Question: Need help step by step solution to solve this problem, not just the answer. A study was found that 40% of Baby Boomers like to

Need help step by step solution to solve this problem, not just the answer.

A study was found that 40% of Baby Boomers like to watch professional NFL games. Some on TV and other stand side. It was discovered that to watch most NFL games that for season tickets it could run as high as $15,000 a year, excluding the playoffs that could cost thousands per game.

How wouldyou go about creating a regression analysis for those whose incomes keeps them watching NFL games on TV vs. those with higher incomes who can afford to buy season tickets and watch the games in the stands.

Before you begin you might decide to build a conjecture model before hands and here are a few questions you might ask in a normative way.

1. What income level would allow a person to not have to watch the NFL games on TV but attend them in the stands.

2. Would you suppose the Y = Bo + B1X + E equations to have a negative or positive slope?

3. Could you arrange both lines on a regular algebraic form and would the lines be separate of joined?

4. How would i go about getting the needed samples for both of these twogroups?

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