CMUL C Programming Questions

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Final Project
Problem 1 (100 Pts): The below problem shows personal income as the independent variable (x) and
the personal consumption expenditures as the dependent variable (y). Use the following data to:
1. Determine the regression equation of the line y=b1x + b0
2. Determine the correlation r squared (note, you need SSE, SSR, and SST).
3. Conclude on what your r squared value means.
Personal income ($)
Personal
consumption
expenditures
($)
32,282
26,848
33,872
28,228
35,423
29,818
37,723
31,210
39,418
32,551
40,156
33,273
39,113
32,853
23,310
18,714
24,444
19,569
25,657
20,414
27,260
21,434
28,336
22,738
30,317
24,227
31,162
25,074
31,448
25,865

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