Question: Problem 3-26 (Algo) The following data were collected during a study of consumer buying patterns: Observation 1 2. 3 4 15 28 38 35 49

Problem 3-26 (Algo) The following data were

Problem 3-26 (Algo) The following data were collected during a study of consumer buying patterns: Observation 1 2. 3 4 15 28 38 35 49 42 30 82 70 68 70 79 89 86 97 97 82 Observation 8 9 10 11 12 13 X 14 16 14 24 21 29 84 5 6 7 83 91 Click here for the Excel Data File b. Obtain a linear regression line for the data.(Round your intermediate calculations and final answers to 3 decimal places.) y = X c. What percentage of the variation is explained by the regression line? (Do not round intermediate calculations. Round your answer to the nearest whole percent.) Approximately % of the variation in the dependent variable is explained by the independent variable. d. Use the equation determined in part b to predict the expected value of y for x = 49. (Round your intermediate calculations and final answers to 3 decimal places.) y =

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