An agency collects data on various aspects of housing costs. Here's a scatterplot of theHousing Cost Index (HCI) versus the Median Family Income (MFI). The correlation is r=0.69.The mean HCI is 328.9, with a standard deviatioi of 111.06. The mean MFI is $46234, with astandard deviation of $7042.75. Complete parts a through f.700 - HCI600 -500400300 -200-MFI35404550556065b) What is the equation that predicts housing cost index from Median Family Income?HCI =+(MFI(Round the final answer to four decimal places as needed. Round all intermediate values to four decimal places as needed.)c) For a particular area with MEL = $44,993, what would be the predicted HCI?(Round to two decimal places as needed.)d) This particular area has an MFI of $44,993 and an HCI of 560.48. How far off is the prediction in part (c) from the actual HCI?$4(Round to two decimal places as needed.)

Solution To find equation we will use some standard formule.

Answered: agency collects data on various aspects…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A student writes the following interpretation of the slope: "The slope of 0.0577 represents the change in Infant mortality rate for a one unit increase in the child death rate.". Is this interpretation correct? Justify.
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Please explain each step clearly, and no excel formula should be used for solving this problem

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