Question: Problem 3-26 The following data were collected during a study of consumer buying patterns Observation Observation 18 68 87 47 101 91 19 28 b.

Problem 3-26 The following data were collected during a study of consumer buying patterns Observation Observation 18 68 87 47 101 91 19 28 b. Obtain a linear regression line for the data (Round your intermediate calculations and final answers to 3 decimal places.) y= + * 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 = 41. (Round your intermediate calculations and final answers to 3 decimal places.)

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