Scenario 4: A researcher investigated the relationship between family income and their savings. Using the data from 15 families, the computed r between income and savings was found to be 0.76. The researcher wants to test if there is a significant relationship between the two variables at 5% level of significance and create a regression equation to predict the possible savings given the income of the family. Interpret the computed r value. (Write your interpretation in statement form) Test if there is a significant relationship between the two variables at 5% level of significance. (Show complete proof/steps with conclusion in statement form) 4

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A: Here is the solution of the given problem.

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Q: please

A: 1). Likely unlikely   2). P(A) = 1/4   3). P(consonant) = 1/2