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A scatter plot, along with the least squares line, of x = rainfall volume and y = runoff volume for a particular location were given. The accompanying values were read from the plot.
a. Does a scatter plot of the data support the use of the simple linear regression model?
b. Calculate point estimates of the slope and intercept of the population regression line.
c. Calculate a point estimate of the true average runoff volume when rainfall volume is 50.
d. Calculate a point estimate of the standard deviation
e. What proportion of the observed variation in runoff volume can be attributed to the simple linear regression relationship between runoff and rainfall?
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