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The following data are the monthly salaries y and the grade point averages x for students who obtained a bachelor's degree in business administration.Monthly Salary GPA ()2.63,5003.43,9003.64,2003.23,8003.54,2002.93,900The estimated regression equation for these data is y = 1,970.72 608.11x and MSE = 18,671.17.(a) Develop a point estimate of the starting salary (in dollars) for a student with a GPA of 3.1. (Round your answer to the nearest cent)3855.86(b) Develop a 95% confidence interval for
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