Using the data below:
Daily Income, $
45
59
35
49
25
42
39
Daily Food Expenditure, $
20
28
17
21
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.
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