Consider the following regression equation representing the linear relationship between the Canada Child Benefit provided for a married couple with 3 children under the age of 6, based on their annual family net income: ŷ = 121.09 -0.57246x R² = 0.894 where y = annual Canada Child Benefit paid (in $100s) x = net annual family income (in $1000s) Source: Canada Revenue Agency a. As the net annual family income increases, does the Canada Child Benefit paid increase or decrease? Based on this, is the correlation between the two variables positive or negative?

Consider the following regression equation representing the linear relationship between the Canada Child Benefit provided for a married couple with 3 children under the age of 6, based on their annual family net income: ŷ = 121.09 -0.57246x R² = 0.894 where y = annual Canada Child Benefit paid (in $100s) x = net annual family income (in $1000s) Source: Canada Revenue Agency a. As the net annual family income increases, does the Canada Child Benefit paid increase or decrease? Based on this, is the correlation between the two variables positive or negative?

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

Q: 8. Loras's taxable income last year was $83,350. According to the tax table, how much tax does he…

Q: Suppose a friend tells you she paid a total of $8,546 for a motorcycle, and you’d like to know the…

Q: 6 Dadaa bought some shirts for GH¢720.00. If each shirt was GH¢2.00 cheaper, Dadaa would have…

Q: A cabinet listed at P8,000 is sold to a retailer at a 13% discount. Find the amount of trade…

Q: 9. A union representing airline employees agreed to a 6% pay cut in hourly wage in order to help the…

Q: 5. Margo borrows $900 and must pay it back with 6% interest after 7 months. What is the total amount…

A: Margo borrows $900 and pay it back with 6% interest after 7 months.

Q: worker earned K11, 800 per month in 2016. The cost of living index increased by 63.8% between 2016…

A: Given worker earned K11, 800 per month in 2016. The cost of living index increased by 63.8% between…

Q: 9. One Living Enterprise pays $750 for a cyclone vacuum cleaner. The original selling price was…

A: Given Enterprise pays $750 original selling price was $1275, marked down 45%. operatingexpenses…

Q: 2. John es

Q: Henry Smith buys a $100,000 T-bill at a 5.8% discount for 28 weeks. Find the purchase price of the…

Q: a. What profit is earned if the product actually sells at its regular selling price? 1. A hardware…

Q: Explain the differences between life insurance and general or non-life insurance.

A: Solution-: Explain the differences between life insurance and general or non-life insurance.

Q: 2. Www.businessinsider.com says that 2021-2022, in-state tuition and fees averaged 14,667. It also…

A: Given the average tution fees is 14,667There is a 5% decrease in last 5 years

Q: 5. A rotary club organized a program to help the street children and will sponsor a concert to raise…

Q: 2. The average price of a compact car is $20,000. If the value of the car depreciates an average of…

A: Given: The average price of a compact car is $20,000.

Q: 8. The value of Drake's baseball card collection has been increasing by 7% each year. If it is worth…

Q: b) A salary of £5 240 is to be increased by 1.2%. Calculate (i) the increase, (ii) the new salary.

A: Given that the salary of £5240 is increased by 1.2% To calculate (i) the increase (ii) the new…

Q: 1. A company can lease a set of 50 iPads for $650/month, with an up-front payment of $1000. What…

A: It is given that, a company lease a set of 50 ipads for $650/month.

Q: 11) Jen works as a Nurse. Her annual salary is $62,250. As of January 1, Jen will receive a 4.28%…

Q: 3. Irene has a job that pays $15 per hour. If she works 30 hours per week, what is her gross pay per…

Q: 2. Which of the following are monthly fixed expenses? a. rent, mortgage, electricity costs b. rent,…

A: Rent and mortgage are always fixed every month for a family. But electricity costs, fuel costs or…

Q: If Jonesville's sewer charges are 70% of the water bills and this changes to 60% of the water bills,…

A: initial charges is 70% ot the water bills final charges is 60% of the water billspercent…

Q: 3) What are retained earnings? Select an answer: the amount of money that a company earns as…

A: Retained earnings: It is the amount of money that is the leftover net income for the business after…

Question

c) What will be the estimated Canada Child Benefit be (in dollars) for a married couple with 3 children under the age of 6 if the net annual family income is $82,400?

Consider the following regression equation representing the linear relationship
between the Canada Child Benefit provided for a married couple with 3 children under
the age of 6, based on their annual family net income:
ŷ 121.09 - 0.57246x R² = 0.894
=
where y = annual Canada Child Benefit paid (in $100s)
x = net annual family income (in $1000s)
Source: Canada Revenue Agency
a. As the net annual family income increases, does the Canada Child Benefit paid
increase or decrease? Based on this, is the correlation between the two variables
positive or negative?

b. Calculate the correlation coefficient and determine if the relationship between the
two variables is strong, moderate or weak.
the relationship is (click to select)
r =
Round to 3 decimal places

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step by step

Solved in 4 steps with 3 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

4. What is the balance of Max's $2000 after 10 years? 5. Who is $10,000 richer at the end of the competition?
Example 5. In a trip' organized by a college, there were 100 persons the average cost works out to Rs. 15.60 per head. There were 80 students each of whom paid Rs. 16. Members of the teaching staff were charged at a higher rate. The number of servants was 6 (all males) and they were not charged. The number of ladies was 20% of the total of which two were ladies staff members. Tabulate the above information in proper tabular form. CS Scanned with CamScanner
4. Ms. Rosalyn Del Rosario, a part-time lecturer at a university, gets paid on a per-hour basis. Her rate per hour is P350.00. Assuming that she works 6 hours per day, with no overtime, determine her gross pay per week. (Monday to Saturday)
what are 2004 pennies worth
S2 Please help me with the brief solution and answer, thank you
blä 10 Q8: If the gross profit equals 85,000 dinars and the operating expenses (Selling exp. 10,000, Administrative exp. 15,000 dinars, Depreciation exp. 5000, and fright & transportation- out 5000 dinars, What is the amount of * ?operating income 55000 50000 45000
6. A new Ford Escape can be leased for $119/month for 24 months, with $2200 due at signing. Assuming no additional charges will occur, what will be the total cost of this lease?
4. A computer system de preciates at an average rate of 4% per month. If the value of the computer system was originally $1200, in how many months will it be valued at $750?
Suppose a mutual fund has a portfolio of stocks that have a market value of $10.75 billion and the company has 900 million shares of stock. What is the net asset value (in dollars) of a share of the mutual fund?
A. Salary 1. Andrew gets compensated for his work every two weeks; that is, every two weeks he is paid a fixed salary of P13,450.00 for his services. Determine his: (a) annual salary, (b) weekly salary, (c) monthly salary, (d) semimonthly salary 2. Angela gets paid a salary of P4,530.00 as a preschool teacher every week. Determine her: (a) annual salary (b) biweekly salary (c) monthly salary (d) semimonthly salary. B. Wages
Explain Reporting the Funded Status of the Pension Plan.
7.) Your 401K saving account was worth $5,500. During the first year it was invested it lost 8%. During the second year, it gained 10%. What was the value of your 401K after the first 2 years?