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Correlation coefficient and the coefficient of determination

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Reference no: EM132730237

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.

Reference no: EM132730237

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