1.The following data are the claims (in $millions) for Blue Cross & Blue Shield benefits for nine states, along with the surplus (in $millions): Surplus 277 Claims State Alabama 1325 273 100 Colorado...

Do a simple linear regression. Determine the descriptive statistics (the coefficients of the sample linear regression line – b0 and b1 – as well as r and r2. Please include the appropriate graphs, calculations, ANOVA table, tests of hypotheses, and interval estimates. Use a hypothetical state with 700 (million dollars) in claims to do the interval estimates. Please interpret the results.

Extracted text: 1.The following data are the claims (in $millions) for Blue Cross & Blue Shield benefits for nine states, along with the surplus (in $millions): Surplus 277 Claims State Alabama 1325 273 100 Colorado Florida 915 120 Illinois 1657 259 Maine 234 40 Montana 142 25 North Dakota 259 57 Oklahoma 258 31 Texas 890 141