Develop a scatter plot between annual household spending and annual income. The scatter diagram should include a proper title, a solid trend line, axis titles, and a regression equation, and the Coefficient of Determination (R –square).    Monthly Household Spending ($) Annual Household Income ($) Household Size 4,016 54000 3 3,159 30000 2 5,100 32000 4 4,742 50000 5 1,864 31000 2 4,070 55000 2 2,731 37000 1 3,348 40000 2 4,764 66000 4 4,110 51000 3 4,208 25000 3 4,219 48000 4 2,477 27000 1 2,514 33000 2 4,214 65000 3 4,965 63000 4 4,412 42000 6 2,448 21000 2 2,995 44000 1 4,171 37000 5 5,678 62000 6 3,623 21000 3 5,301 55000 7 3,020 42000 2 4,828 41000 7 5,573 54000 6 2,583 30000 1 3,866 48000 2 3,586 34000 5 5,037 67000 4 3,605 50000 2 5,345 67000 5 5,370 55000 6 3,890 52000 2 4,705 62000 3 4,157 64000 2 3,579 22000 3 3,890 29000 4 2,972 39000 2 3,121 35000 1 4,183 39000 4 3,730 54000 3 4,127 23000 6 2,921 27000 2 4,603 26000 7 4,273 61000 2 3,067 30000 2 3,074 22000 4 4,820 46000 5 5,149 66000 4

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 17HP
icon
Related questions
Question

Develop a scatter plot between annual household spending and annual income. The scatter diagram should include a proper title, a solid trend line, axis titles, and a regression equation, and the Coefficient of Determination (R –square). 

 

Monthly Household Spending ($) Annual Household Income ($) Household
Size
4,016 54000 3
3,159 30000 2
5,100 32000 4
4,742 50000 5
1,864 31000 2
4,070 55000 2
2,731 37000 1
3,348 40000 2
4,764 66000 4
4,110 51000 3
4,208 25000 3
4,219 48000 4
2,477 27000 1
2,514 33000 2
4,214 65000 3
4,965 63000 4
4,412 42000 6
2,448 21000 2
2,995 44000 1
4,171 37000 5
5,678 62000 6
3,623 21000 3
5,301 55000 7
3,020 42000 2
4,828 41000 7
5,573 54000 6
2,583 30000 1
3,866 48000 2
3,586 34000 5
5,037 67000 4
3,605 50000 2
5,345 67000 5
5,370 55000 6
3,890 52000 2
4,705 62000 3
4,157 64000 2
3,579 22000 3
3,890 29000 4
2,972 39000 2
3,121 35000 1
4,183 39000 4
3,730 54000 3
4,127 23000 6
2,921 27000 2
4,603 26000 7
4,273 61000 2
3,067 30000 2
3,074 22000 4
4,820 46000 5
5,149 66000 4
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning