1) -Describe the association between College Tuition and Median Student Loan Debt for Graduates based on the scatter plot.-Identify and interpret the y-intercept and slope of your least squares regression line -Identify and interpret your coefficient of determination Y-Dependent290002400019000140009000 +40000101500163000X-IndependentRegression Line (ŷ = 0.02X+11418.98)0224500286000 College Name:Harvard UniversityPrinceton UniversityYale UniversityCurrent YearlyTuition:$55,587$56,010$59,950Columbia University$63,530Cornell University$61,015Brown University$62,304Dartmouth College$60,870University of Pennsylvania $61,710SUNY BuffaloMassachusetts Institute of $55,878Technology$10,782 (In-state)Tuition (4 yearstotal):$222,348$224,040$239,800$254,120$244,060$249,216$243,480$246,840$223,512$43,128 (In-state)Median StudentLoan Debt forGraduates:$12,665$9,623$13,142$29,757$14,500$13,000$17,000$16,763$25,080$13,254Average Salary After 10Years:$136,700$95,689$88,655$89,871$91,176$78,943$91,627$103,246$111,222$62,022

Given: We are given the data on College Tuition and Median Student Loan Debt for Graduates as…

Answered: 1) -Describe the association between…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Question

1) -Describe the association between College Tuition and Median Student Loan Debt for Graduates based on the scatter plot.
-Identify and interpret the y-intercept and slope of your least squares regression line
-Identify and interpret your coefficient of determination

Y-Dependent
29000
24000
19000
14000
9000 +
40000
101500
163000
X-Independent
Regression Line (ŷ = 0.02X+11418.98)
0
224500
286000

College Name:
Harvard University
Princeton University
Yale University
Current Yearly
Tuition:
$55,587
$56,010
$59,950
Columbia University
$63,530
Cornell University
$61,015
Brown University
$62,304
Dartmouth College
$60,870
University of Pennsylvania $61,710
SUNY Buffalo
Massachusetts Institute of $55,878
Technology
$10,782 (In-state)
Tuition (4 years
total):
$222,348
$224,040
$239,800
$254,120
$244,060
$249,216
$243,480
$246,840
$223,512
$43,128 (In-state)
Median Student
Loan Debt for
Graduates:
$12,665
$9,623
$13,142
$29,757
$14,500
$13,000
$17,000
$16,763
$25,080
$13,254
Average Salary After 10
Years:
$136,700
$95,689
$88,655
$89,871
$91,176
$78,943
$91,627
$103,246
$111,222
$62,022

Definition Definition Middle value of a data set. The median divides a data set into two halves, and it also called the 50th percentile. The median is much less affected by outliers and skewed data than the mean. If the number of elements in a dataset is odd, then the middlemost element of the data arranged in ascending or descending order is the median. If the number of elements in the dataset is even, the average of the two central elements of the arranged data is the median of the set. For example, if a dataset has five items—12, 13, 21, 27, 31—the median is the third item in ascending order, or 21. If a dataset has six items—12, 13, 21, 27, 31, 33—the median is the average of the third (21) and fourth (27) items. It is calculated as follows: (21 + 27) / 2 = 24.

Expert Solution