Given are five observations for two variables x and y. (see attached for details)
A. Develop a scatter diagram for this data.
B. What does the scatter diagram in part A indicate about the relationship between the two variables?
C. Try to aproximate the relationship between x and y by drawing a straight line through the data.
D. Develop the estimated regression equation by computing the values of b (0) and b (1) using equations(14.6) and (14.7)
E. Use the estimated regression to predict the value of y when x = 4
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Develops a scatter diagram for the data and the estimated regression equation.