AThe least-squares regression equation is y = 720.8x + 14,490 where y is the median income and x is the percentage of 25years and older with at least a bachelor's degree in the region. The scatter diagram indicates a linear relation between thetwo variables with a correlation coefficient of 0.7743. Complete parts (a) through (d).(a) Predict the median income of a region in which 20% of adults 25 years and older have at least a bachelor's degree.(Round to the nearest dollar as needed.)GMedian Income55000-20000+15 20 25 30 35 40 45 50 55 60Bachelor's %Q

The regression equation between the variables X and Y is, is the median income is the percentage…

er with at least a bachelor's degree in the region. The scatter diagram indicates a linear relation between the with a correlation coefficient of 0.7743. Complete parts (a) through (d). median income of a region in which 20% of adults 25 years and older have at least a bachelor's degree. to the nearest dollar as needed.) Median Income 20000+ 15 20