Life insurance policies for eight persons

Assignment Help Basic Statistics

Reference no: EM13963898

The following data give the annual incomes (in thousands of dollars) and amounts (in thousands of dollars) of life insurance policies for eight persons.

Annual income	42	58	27	36	70	24	53	37
Life insurance	150	175	25	75	250	50	250	100

(a) Calculate the least-squares regression line for these data.

(b) Plot the points and the least-squares regression line on the same graph.

Reference no: EM13963898

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