Life insurance policies for eight persons

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The following data give the annual incomes (in thousands of dollars) and amounts (in thousands of dollars) of life insurance policies for eight persons.

Annual income

42

58

27

36

70

24

53

37

Life insurance

150

175

25

75

250

50

250

100

(a) Calculate the least-squares regression line for these data.

(b) Plot the points and the least-squares regression line on the same graph.

Reference no: EM13963898

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