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(Solved by Expert Tutors) Below are data for U.S. DPI and PCE on two major components of consumer


spending, motor vehicles and parts and housing and utilities. One is a durable good and the other is comprised of housing and other services and non-durables, such as natural gas purchases. Using scatter diagrams and trendlines, generate graphs showing the relationship of each of the consumption categories to DPI and find the equation of the graph and the R squared. Use your results to answer the questions to the right.

 


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DATE ANSWERED

Apr 19, 2020

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