There is a perception that the wastage is depends upon the level of production. You are required to verify this percepti

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There is a perception that the wastage is depends upon the level
of production. You are required to verify this perception, by
performing the regression analysis in the last 12-month data given
below.
After analysis, answers the given
question:
Production
Wastage
4,341,970
39,048
3,911,307
36,076
4,092,487
36,557
3,983,795
40,748
3,719,102
41,419
4,174,050
38,873
3,904,921
40,764
3,819,264
43,368
3,602,300
40,153
4,152,615
41,479
3,917,154
37,333
3,833,967
37,927
Solve according to the following pattern:
a
Coefficient of Correlation
Comments
b
Coefficient of Correlation
Comments
c
Regression Equation
d
Comments about validity of Model
e
Estimated value of Wastage