(c) Interpret the slope. Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or decimal. Do not round.) O A. For every percent increase in adults having at least a bachelor's degree, the median income increases by $ on average. O B. For 0% of adults having a bachelor's degree, the median income is predicted to be $ OC. For every dollar increase in median income, the percent of adults having at least a bachelor's degree is %, on average. OD. For a median income of $0, the percent of adults with a bachelor's degree is

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The least-squares regression equation is y = 833.6x + 11,122 where y is the median income and x is the percentage of 25 years and older with at least a bachelor's
degree in the region. The scatter diagram indicates a linear relation between the two variables with a correlation coefficient of 0.7897. Complete parts (a) through (d).
(a) Predict the median income of a region in which 30% of adults 25 years and older have at least a bachelor's degree.
$ 36130 (Round to the nearest dollar as needed.)
(b) In a particular region, 27.6 percent of adults 25 years and older have at least a bachelor's degree. The median income in this region is $30,884. Is this income higher than
This is lower
than expected because the expected income is $ 34129
(Round to the nearest dollar as needed.)
(c) Interpret the slope. Select the correct choice below and fill in the answer box to complete your choice.
(Type an integer or decimal. Do not round.)
O A. For every percent increase in adults having at least a bachelor's degree, the median income increases by $
on average.
O B. For 0% of adults having a bachelor's degree, the median income is predicted to be $
O C. For every dollar increase in median income, the percent of adults having at least a bachelor's degree is
%, on average.
OD.
For a median income of $0, the percent of adults with a bachelor's degree is
%.
Median Income
20
Transcribed Image Text:The least-squares regression equation is y = 833.6x + 11,122 where y is the median income and x is the percentage of 25 years and older with at least a bachelor's degree in the region. The scatter diagram indicates a linear relation between the two variables with a correlation coefficient of 0.7897. Complete parts (a) through (d). (a) Predict the median income of a region in which 30% of adults 25 years and older have at least a bachelor's degree. $ 36130 (Round to the nearest dollar as needed.) (b) In a particular region, 27.6 percent of adults 25 years and older have at least a bachelor's degree. The median income in this region is $30,884. Is this income higher than This is lower than expected because the expected income is $ 34129 (Round to the nearest dollar as needed.) (c) Interpret the slope. Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or decimal. Do not round.) O A. For every percent increase in adults having at least a bachelor's degree, the median income increases by $ on average. O B. For 0% of adults having a bachelor's degree, the median income is predicted to be $ O C. For every dollar increase in median income, the percent of adults having at least a bachelor's degree is %, on average. OD. For a median income of $0, the percent of adults with a bachelor's degree is %. Median Income 20
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