Problem 1 14 points Download the dataset at sineadgithubiost

Problem 1 (14 points) Download the dataset at sinead.github.io/sta371g/education.xls This dataset contains information about education spending in different states. The explanatory and dependent variables are: We will first look at how education spending depends on the number of residents per thousand residing in urban areas. We wish to estimate an SLR model of the form Y =?0 + ?1X1 + ? ? ?N(0,?2)

(i) Using StatTools (or otherwise), obtain the formula Y

Solution

(i) Using StatTools (or otherwise), obtain the formula Y