Question: Problem 1. Consider the following data x y CONNOR Note: you should complete this problem without using the regression procedure in Excel Data Analysis ToolPak.

Problem 1. Consider the following data x y CONNOR Note: you should complete this problem without using the "regression" procedure in Excel Data Analysis ToolPak. a. Find the correlation coefficient between x and y. How are these two variables related? b. Estimate a simple linear regression model using the data in the table. Show all intermediate steps and write down your final estimated equation. c. Interpret the magnitude of the slope estimate (i.e., how does a one-unit change in x affect y)

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