Question

Question 2 [10 marts)
Personal wealth tends to increase with age as older individuals have had more opportunities
to earn and invest than younger individuals. The following data were obtained from a random
sample of eight Individuals and records their total wealth) and their current age (X).
Person
Total wealth (000s of dollars)
Age (years)
Y
X
INGREDIE
(Palmolein
Salt and Mill
CONTA
NATURE IC
A PROF
REA
Nutritio
36
A
280
B
450
72
С
250
48
D
320
51
E
470
80
250
40
Energy
Protein
Total Carboh
of which Sug
Total Fat
Saturated Fat
Trans Fat
Sodium
HOLMES
INSTITUTE
NET WEIGHT
330
55
MAX. RETAIL PRICE
(INCLUSNE OF ALL TAKES
H
430
72
BATCH NO
A part of the output of a regression analysis of Y against X using Excel is given below:
PACKED ON
SUMMARY OUTPUT
BEST BEFORE
ROS
Soune
Add Square
954704
091145
395703
29854
3
020
ANOVA
F
ss
S1507.54 $190754
504) 351
3401
sco
Standard
39049
45 2159
5 S
a State the estimated regression line and interpret the slope coefficient
(15 marks​

Answer 1

Answer:

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