Create scatterplots using the data in the spreadsheet linked above and display the equation for the regression line. What is the equation for the regression line that predicts mortgage amount using household income as the explanatory variable? Ý = Ex: 1.234 x + (Ex: 1.234 ) What is the interpretation of the slope? Pick

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ISBN:9781119256830
Author:Amos Gilat
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Create scatterplots using the data in the spreadsheet linked above and display the
equation for the regression line.
What is the equation for the regression line that predicts mortgage amount using
household income as the explanatory variable?
Ý :
Ex: 1.234
x + (Ex: 1.234)
What is the interpretation of the slope?
Pick
What is the interpretation of the intercept?
Pick
Pick
Household income when mortgage amount is 0
Mortgage amount when household income is 0
No practical interpretation
2
Transcribed Image Text:Create scatterplots using the data in the spreadsheet linked above and display the equation for the regression line. What is the equation for the regression line that predicts mortgage amount using household income as the explanatory variable? Ý : Ex: 1.234 x + (Ex: 1.234) What is the interpretation of the slope? Pick What is the interpretation of the intercept? Pick Pick Household income when mortgage amount is 0 Mortgage amount when household income is 0 No practical interpretation 2
Field: Household ncome and Field:
Mortgage amount ap chart Title Phly correlated.
400
350
300
250
200
150
100
50
20
40
60
80
100
Thousands
Household Income
Mortgage amount
Thousands
Transcribed Image Text:Field: Household ncome and Field: Mortgage amount ap chart Title Phly correlated. 400 350 300 250 200 150 100 50 20 40 60 80 100 Thousands Household Income Mortgage amount Thousands
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