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# Suppose you have collected the following sample data from twenty-six randomly selected Dallas area families regarding their Weekly Expenditures on

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?

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