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SOLVED: The following table contains the ACT scores, GPA (Grade Point Average), and spending for eight college students. Grade Point Average is based on a four-point scale and has been rounded to one digit after the decimal.Student GPA ACT Spending (1000)1. 2.8 262. 3.4 293. 3.0 3.54. 3.6 295. 3.0 2.76. 3.7 3.0Estimate the relationship between GPA and ACT and spending using OLS; that is, obtain the intercept and the slope estimate
SOLVED: The following table contains the ACT scores, GPA (Gr…
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