The following example describes the expenditure (in dollars) onrecreation per month by employees at a certain company, and theircorresponding monthly incomes: Using R cloud and providethe codes
Expenditure($):2400,2650,2350,4950,3100,2500,5106,3100,2900,1750
Income($):4120,50100,52000,66000,44500,37700,73500,37500,56700,35600
Using the equation for the linear regression that youcalculated, estimate the monthly income of an employee at thiscompany who spends 5000 dollars per month on recreation. What isthe accuracy of your prediction?
