Regression and Correlation Analysis knowledge

Detailed step by step explanation required

Refer to the data. Using checking account balance as the dependent variable and using as independent variables the number of ATM transactions, the number of other services used, whether the individual has a debit card, and whether interest is paid on the par-ticular account,

writ-e a report indicating which of the vari-ables seem related to the account balance and how well they explain the variation in account balances. Should all of the independent variables proposed be used in the analysis or can some be dropped?

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