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Math Help - Regression Line and Correlation

  1. #1
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    Regression Line and Correlation

    Hi, I would need an explanation of how to go about solving this problem.

    Mean annual income $ ------- Index of happiness(3 being the happiest)

    3300 -----------------------------1.94
    7000 -----------------------------2.03
    10000 ----------------------------2.07
    13400 ----------------------------2.15
    17100 ----------------------------2.19
    20600 ----------------------------2.29
    24300 ----------------------------2.20
    29600 ----------------------------2.24
    39700 ----------------------------2.30
    70900 ----------------------------2.32

    Task is to establish a possible relationship between money and happiness using the above data.Must write a report and clearly describe this relationship that addresses the following:correlation is coefficient significant,find the regression line and is it significant.
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  2. #2
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    Have you tried drawing a scatterplot? Estimating the correlation? Entering the data into a CAS or spreadsheet to find the least squares line equation and correlation coefficient?
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