Please find attached picture with question The table shows data on the number of visitors to the UK in a month, v (1000s), and the amount ofmoney they spent, m (£ millions), for each of 8 months.Number of visitors2450 2480 2540 | 2420 | 2350 | 2290 2400 | 2460v (1000s)Amount of money spent 1370| 1350 | 1400 | 1330 | 1270m (£ millions)1210 | 1330 1350The correlation coefficient between m and v is 0.962a. Give a reason to support fitting a regression model of the form m = a+ bv to these data.b. Summary statistics are:v = 2423.75, m = 1326.25, s, = 77.9995421, sm = 59.985, R = 0.962For a regression model of the form m = a + bv . Find the value of b (the slope) correct to twodecimal places.c. Now calculate a (the intercept) to calculate the regression model.d. Interpreting the value of b, each additional visitor spends £e. Using the equation calculated in part c, estimate the amount of money spent when the numberof visitors to the UK in a month is 2,500,000

Name: Please find attached picture with question The table shows data on the
Uploaded: 2024-03-20T07:07:37.000Z
Channel: Bartleby
Description: Please find attached picture with question The table shows data on the number of visitors to the UK in a month, v (1000s), and the amount ofmoney they spent, m (£ millions), for each of 8 months.Number of visitors2450 2480 2540 | 2420 | 2350 | 2290 2