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1. Use data in BUSI1013 Credit Card Balance.xlsx to complete thefollowing. You will need to use a statistical package such asStatTools or the Regression program within Excel’s Data AnalysisAdd-in to generate the estimated regression equation and the ANOVAetc. (12 points)
   What is the estimated regression equation using Account Balance asthe dependent variable, and Income, Years of Education, as well asSize of Household as the independent variable?
2. a.Comment on the goodness of fit of the model using thecoefficient of determination.
3. b.Conduct an F test with the critical value approach to seewhether the overall model is significant. Use ? = 0.01.
4. c.Perform a t test with p-value approach for the significanceof the Income variable. Use ? = 0.05.
5. d.Perform a t test with the p-value approach for thesignificance of the Size of Household variable. Use ? = 0.05.
6. e.Estimate the Account Balance of a customer who has an incomeof $62 thousand, 14 years of education, and a household size of3.

AccountBalance	Income	Years ofEducation	Size ofHousehold
8976	63	12	2
8308	37	14	2
10028	52	16	2
11256	64	15	4
9869	47	17	2
10194	74	15	2
8706	49	12	2
9557	58	14	2
10565	70	16	3
9434	69	11	3
9687	25	18	3
9490	57	15	1
8806	46	14	3
9561	48	16	2
11757	80	15	3
9406	66	14	2
11150	46	15	3
7671	28	12	2
8803	53	13	1
9571	52	15	2
9566	77	12	3
7885	32	14	3
9773	55	11	1
9121	52	15	2
9298	43	14	3
10285	65	15	2
7801	38	12	1
9323	52	14	2
8643	36	16	3
12466	85	15	2
9447	64	14	2
10727	86	15	2
9243	57	15	3
9311	68	12	2
11033	74	14	3
11721	82	16	2
8727	24	15	3
8438	37	15	3
8317	55	12	2
8617	50	14	1
9052	39	16	3
10889	73	15	3
7766	26	14	1
9189	47	15	2