Question: Problem 3-26 The following data were collected during a study of consumer buying patterns: Observation Observation y 20 14 30 >HNMA 70 77 80 ONN

Problem 3-26 The following data were collected

Problem 3-26 The following data were collected during a study of consumer buying patterns: Observation Observation y 20 14 30 >HNMA 70 77 80 ONN b. Obtain a linear regression line for the data.(Round your intermediate calculations and final answers to 3 decimal places.) y=CD + D 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. Omit the "%" sign in your response.) 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 = 42. (Round your intermediate calculations and final answers to 3 decimal places.) y=O

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