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Robert has the following accounts on money spent on gambling and winnings:
Money Spent Money Won
1000 2500
1200 4000
1800 4500
2000 4600
2500 5000
2800 4800
3500 5600
4000 6000
4200 5800
Part 1) Develop a regression equation that relates the money Robert spends and the money he wins.
Part 2) Determine the correlation coefficient and the coefficient of determination.
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