Use the data below to answer the following questions.12,8,4,5 X:1,2,3,4 a.Draw a scatter plot of X on Y b.Calculate the sample estimates of 0 and 1…

1. Use the data below to answer the following questions.
Y:12,8,4,5
X:1,2,3,4
a. Draw a scatter plot of X on Y
b. Calculate the sample estimates of β0 and β1

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