Q2. There is a perception that the wastage is depends upon the level of production. You are required to verify this

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Q2. 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
Question # 2
a
Coefficient of Correlation
Comments
b
Coefficient of Correlation
Comments
c
Regression Equation
d
Comments about validity of Model
e
Estimated value of Wastage
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