Use data below to complete the following. You will need to use a statistical package such as StatTools or the Regression program within Excel's Data Analysis Add-in to generate the estimated regression equation and the ANOVA etc.

1. What is the estimated regression equation using Account Balance as the dependent variable, and Income, Years of Education, as well as Size of Household as the independent variable?explain
2. Comment on the goodness of fit of the model using the coefficient of determination.explain
3. Conduct an F test with the critical value approach to see whether the overall model is significant. Use ? = 0.01.explain
4. Perform a t test with p-value approach for the significance of the Income variable. Use ? = 0.05.explain
5. Perform a t test with the p-value approach for the significance of the Size of Household variable. Use ? = 0.05.explain
6. Estimate the Account Balance of a customer who has an income of $62 thousand, 14 years of education, and a household size of 3.explain

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