For exercises 1-8, use the data in the table, which shows the personal incoMeand outlays (both in tr
Question: For exercises 1-8, use the data in the table, which shows the personal incoMeand outlays (both in trillions of dollars) for Americans for 11 recent years.
| Personal Income x | Personal outlay, y |
| 5.6 | 4.6 |
| 5.8 | 4.9 |
| 6.2 | 5.2 |
| 6.5 | 5.5 |
| 6.9 | 5.8 |
| 7.4 | 6.1 |
| 7.8 | 6.5 |
| 8.4 | 7 |
| 8.7 | 7.3 |
| 8.9 | 7.7 |
| 9.2 | 8 |
Use the regression line to predict the personal outlays when the personal income is 5.3 trillion dollars.
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Deliverables: Word Document
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Solution: For exercises 1-8, use the data in the table, which shows the personal incoMeand outlays (both in tr #16129
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