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2. The following table contains the ACT scores and the GPA (grade point average) for eightcollege students. Grade point average is based on a four-point scale and has been roundedto one digit after the decimal.Student12345678GPA2.83.43.03.53.63.02.73.7ACT2124262729252530a. Estimate the relationship between GPA and ACT using OLS; that is, obtain the intercept andslope estimates in the equationGPA = β0 β1 ACTb. Comment on the direction of the relationship. Does the intercept have a useful interp
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