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Develop a regression equation

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Reference no: EM132738528

Robert has the following accounts on money spent on gambling and winnings:

Money Spent Money Wins

1000 2500

1200 4000

1000 3100

1800 4500

1300 4400

1500 4300

2200 4700

1300 4100

i) Develop a regression equation that relates the money Robert spends and the money he wins.

ii) What percentage of the variation in the money he wins can be expressed by the variation in the money he spends?

Reference no: EM132738528

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