Correlation coefficient and linear regression equation

Reference no: EM1318839

Listed below are the annual income (in thousands of dollars) and the amount of life insurance (in thousands of dollars) of eight families of the same size.

Annual Income	10	13	15	18	21	24	27	30
Amount of insurance	15	12	25	20	25	30	35	32

Use a 0.05 significance level; determine if there is a linear correlation between annual income and the amount of insurance? What is the linear regression line for this data?

Reference no: EM1318839

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