analy 524

Suppose you have collected the following sample data from twenty-six randomly selected Dallas area families regarding their Weekly Expenditures on Video Rentals and Weekly Expenditures on Dining Out:

Observation Number	Weekly Expenditures
	Video Rentals	Dining Out
1	$12	$28
2	$12	$27
3	$6	$32
4	$13	$32
5	$7	$25
6	$10	$24
7	$8	$27
8	$4	$20
9	$4	$32
10	$13	$35
11	$5	$30
12	$9	$22
13	$12	$31
14	$9	$25
15	$12	$28
16	$4	$34
17	$14	$36
18	$10	$24
19	$5	$29
20	$18	$42
21	$15	$41
22	$6	$26
23	$6	$28
24	$4	$40
25	$11	$21
26	$9	$24

Explain your answers below in detail (use analytical tools such as correlation and regression when necessary)

Q1: What is the relationship between weekly expenditures of video rentals and dining out?

Q2: If you were to reach out to these households, what other data would you be interested in collecting in order to understand their consumption behavior?

Q3: What other types of products do you think these families would be interested in?