Question

A study to determine the correlation between bank deposits and consumer price indices in Birmingham, Alabama, revealed the following (which was based on n equals=5 years of data):

Upper SigmaΣx	equals=	15
Upper SigmaΣxsquared2	equals=	55
Upper SigmaΣxy	equals=	70
Upper SigmaΣy	equals=	20
Upper SigmaΣysquared2	equals=	130

a) The equation of the least square regression line is (round your responses to one decimal place): ModifyingAbove y with caretyequals=11plus+11x.

b) The coefficient of correlation,

r,equals=. 45.45 (round your response to two decimal places).

The correlation coefficient indicates that there is

a positive correlation between bank deposits and consumer price indices in Birmingham, Alabama.

c) The standard error of the

estimate equals = ? (round your response to two decimal places).

Answer 1

I skip the second part of a) because it is not clear what you want to ask. Do mention in the comment I will solve that too.