CHALLENGE ACTIVITY 315: Using regression to make predictions Round answers to two decimal places when appropriate. Jump to level 1 A financial advisor wants to determine how the amount of time spent on financial education affects the amount of debt. ( Amount of t 50000 40000 30000 20000 10000 10 20 30 40 50 Financial education time (in hours) The equation of the regression line is Y = 50000+(–500). A financial education time of 38 hours is found to result in an amount of debt of 31000 dollars What is the predicted amount of debt? dollars €1.23 Where is the observed value in relation to the regression line? Pick A financial education time of 32 hours is found to result in a amount of debt of 36887 dollars. What is the predicted amount of debt? Ex 1.23 Where is the observed value in relation to the regression line? dollars Pick A financial education time of 27 hours is found to result in a amount of debt of 32562 dollars. What is the predicted amount of debt? Ex: 1.23 Where is the observed value in relation to the regression line? dollars Pick 2 Check Next > D-0-0- Feedback?

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CHALLENGE
ACTIVITY
315: Using regression to make predictions
Round answers to two decimal places when appropriate.
Jump to level 1
A financial advisor wants to determine how the amount of time spent on financial education affects the amount of
debt.
(
Amount of t
50000
40000
30000
20000
10000
10
20
30
40
50
Financial education time (in hours)
The equation of the regression line is
Y = 50000+(–500).
A financial education time of 38
hours is found to result in an amount
of debt of 31000 dollars What is
the predicted amount of debt?
dollars
€1.23
Where is the observed value in
relation to the regression line?
Pick
A financial education time of 32 hours is found to result in a
amount of debt of 36887 dollars. What is the predicted amount of debt? Ex 1.23
Where is the observed value in relation to the regression line?
dollars
Pick
A financial education time of 27 hours is found to result in a
amount of debt of 32562 dollars. What is the predicted amount of debt? Ex: 1.23
Where is the observed value in relation to the regression line?
dollars
Pick
2
Check
Next
>
D-0-0-
Feedback?
Transcribed Image Text:CHALLENGE ACTIVITY 315: Using regression to make predictions Round answers to two decimal places when appropriate. Jump to level 1 A financial advisor wants to determine how the amount of time spent on financial education affects the amount of debt. ( Amount of t 50000 40000 30000 20000 10000 10 20 30 40 50 Financial education time (in hours) The equation of the regression line is Y = 50000+(–500). A financial education time of 38 hours is found to result in an amount of debt of 31000 dollars What is the predicted amount of debt? dollars €1.23 Where is the observed value in relation to the regression line? Pick A financial education time of 32 hours is found to result in a amount of debt of 36887 dollars. What is the predicted amount of debt? Ex 1.23 Where is the observed value in relation to the regression line? dollars Pick A financial education time of 27 hours is found to result in a amount of debt of 32562 dollars. What is the predicted amount of debt? Ex: 1.23 Where is the observed value in relation to the regression line? dollars Pick 2 Check Next > D-0-0- Feedback?
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