State Debt and Per Capita Taxes Data for per capita state debt and per capita state tax for five randomly selected states are shown. Per capita debt 4529 907 7554 2423 3357 Per capita tax 3478 2054 2818 1645 1430   The correlation coefficient for the data is r=0.563 and α=0.05. 1) Should regression analysis be done? 2) Find the equation of the regression line. Round coefficients to three decimal places, if necessary. y'=a+bx                  a= _____          b=_____

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State Debt and Per Capita Taxes Data for per capita state debt and per capita state tax for five randomly selected states are shown.

Per capita debt
4529
907
7554
2423
3357
Per capita tax
3478
2054
2818
1645
1430

 

The correlation coefficient for the data is r=0.563 and α=0.05.

1) Should regression analysis be done?

2) Find the equation of the regression line. Round coefficients to three decimal places, if necessary.

y'=a+bx                  a= _____          b=_____

3) Find y' when x= $2426. Round the answer to at least three decimals, if necessary.

 
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