Using the data below: Daily Income, $ 45 59 35 49 25 42 39 Daily Food Expenditure, $ 20 28 17 21 25 20 23 a) Find the least square regression equation to predict daily food expenditure based on daily...


Using the data below:


























Daily Income, $



45



59



35



49



25



42



39



Daily Food Expenditure, $



20



28



17



21



25



20



23




a) Find the least square regression equation to predict daily food expenditure based on daily income.


b)Predict the daily food expenditure of an individual whose daily income is $40.


c) Compute the coefficient of determination and the correlation coefficient of your regression model.



Jun 11, 2022
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