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{"ops":[{"insert":"A University student is studying inflation and money supply. The following statistics were\nprovided to the student.\nMoney supply in rands R Inflation 28000 3,42 28000 3,60 21000 4,84 14000 7,81 35000 1,14 14000 8,51 14000 7,87 28000 2,89 21000 4,91 35000 1,89 35000 1,72 21000 4,47\ni. Determine the dependent and independent variables and explain your selection.\n[3]\nii. Find the straight-line regression equation that represent the relationship between\nthe dependent and independent variable. [7]\niii. What is the estimated inflation rate associated with a money supply of R31500?\n[3]\niv. What is the money supply level associated with zero inflation rate [3]\nv. Calculate and interpret the covariance between money supply and inflation rate.\n[4]\nvi. Calculate the correlation coefficient between the two-variable displayed in the\ntable? [3]\nvii. What does the correlation coefficient tell us about the relationship of the two\nvariables in the table above? [2]\n"}]}

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