KThe least-squares regression equation isy=763.4x +13,065 where y is the median income and x isthe percentage of 25 years and older with at leasta bachelor's degree in the region. The scatter diagramindicates a linear relation between the two variables with acorrelation coefficient of 0.8025. Complete parts (a)through (d).SITBCCIONMedian Income55000-20000+ON15 20 25 30 35 40 45 50 55 60Bachelor'sQQR(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.)

It is given that The least-square regression equation is y^ = 763.4x + 13065The correlation…

Answered: SITB (a) Predict the median income of a…

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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SITB (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.)