Researcher collected information about income and housing cost from 66 individuals.What is R²? What does it tell us?Plot the data and the regression lineProvide the QQ Plot of the residuals? What can you say? Median.income Housing.Cost371505589145245366585175550449568354499351235429904592659586441764839842437465004202736699372364392360512560174593354215328754298637313479234820956984633683894747176420564219244203376454415946300251.88238.56341.23234.85562.56348.48439.77548.02440.17393.72311.35446.81274.06343.68247.81236.61229.41269.32208.12476.08449.25707.6318.91353.91217.69280.2314.47246.32369.73475.79511.64272.97595.75294.06221.34266.63185.72363360.62494844023043151394064142254813507045191450646364454465044718528143073651557426124899239592333382920940306473693602137454377715178049745571.43280260.46269.27199.03285.94405.25402.93394.93211.4309.32219442.25275.28188.4331.76444.2274.42162.4384.06148.24169.75410.1250.87363.18155.52474.54PIC COLLAGE

Given the data on income and housing costs from 66 individuals asMedian incomeHousing…

Answered: Researcher collected information about…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A researcher calculates a regression equation to predict an insurance premium based on a person's age. One person in the sample was observed to have a premium of $500 at 20 years old, but the predicted value was $400. VWhat is the value of the residual for this person? Next Page Page 10 of 14
just the last part thank you
• When fitting a linear regression, multiple regression lines may be equally as good to represent the data. True O False
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Researcher collected information about income and housing cost from 66 individuals What is R³? What does it tell us? Plot the data and the regression line Provide the QQ Plot of the residuals? What can you say?