a. Compute with statistical software a linear regression of Y on X. How do you interpret the results?
b. Interpret the coefficient of correlation squared.
c. Suggest possible uses of this regression equation if you were a boat seller in Florida.
This solution contains a regression table and a graphical display to determine the linear regression of Y on X as well as the coefficient of correlation squared. It also suggests ways that the regression equation can be used in a boat selling business.