The following table shows economic development measured in per capita income PCINC. Year PCINC Year PCINC 1870 339 1920 1,040 1880 490 1930 1, 166 1890 591 1940 1, 362 1900 747 1950 1,842 1910 918 1960 2, 123 Table 12.7 a. What are the independent and dependent variables? The independent variable is the and the dependent variable is the c ant b. Which of the following is the correct scatterpiat for the data above? 2500 2000 a 1500 1000 A 500 of 1880 1900 1920 X-year 1940 1960 198o 2500 2000 1500 1000 500 of 1880 1900 1940 1920 X-year 1960 1980 2500 2000 a 1500 1000 A 500 of 1880 1900 1920 X- year 1940 1960

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The following table shows economic development measured in per capita income PCINC.
Year
PCINC
Year
PCINC
1870
339
1920
1,040
1880
490
1930
1, 166
1890
591
1940
1,362
1900
747
1950
1, 842
1910
918
1960
2, 123
Table 12.7
a.
What are the independent and dependent variables?
The independent variable is the
and the dependent variable is the
yesar
pr pla me
b. Which of the following is the correct scatterplat for the data above?
2500
2 2000-
a 1500
1000-
A 500-
1980
1920
X- year
1880
1940
1960
1900
2500
2000-
1500
1000-
a 500-
1880
1900
1920
1940
1960
1980
X- year
2500-
2000-
1500
1000
500
1880
1900
1920
X- year
1940
1960
2500
2000-
1500
1000
500
1880
1900
1920
1940
1960
1980
X-year
aucoM eyndeo ad - d
Transcribed Image Text:The following table shows economic development measured in per capita income PCINC. Year PCINC Year PCINC 1870 339 1920 1,040 1880 490 1930 1, 166 1890 591 1940 1,362 1900 747 1950 1, 842 1910 918 1960 2, 123 Table 12.7 a. What are the independent and dependent variables? The independent variable is the and the dependent variable is the yesar pr pla me b. Which of the following is the correct scatterplat for the data above? 2500 2 2000- a 1500 1000- A 500- 1980 1920 X- year 1880 1940 1960 1900 2500 2000- 1500 1000- a 500- 1880 1900 1920 1940 1960 1980 X- year 2500- 2000- 1500 1000 500 1880 1900 1920 X- year 1940 1960 2500 2000- 1500 1000 500 1880 1900 1920 1940 1960 1980 X-year aucoM eyndeo ad - d
C.
Use regression to find the line of best fit and the correlation coefficient.
Round your answers to two decimal places.
y =
18.639x-34631.479
r =
0.947
d.
What is the slope of the regression equation? What does it mean?
The slope of the regression equation is
0.947
and it means that per capita income
by Number
for each year.
increases
е.
Use the line of best fit to estimate PCINC for 1900, and for 2000.
Round your answers to the nearest integer (dollar).
When the year is 1900, y
783
When the year is 2000, y
2447
Transcribed Image Text:C. Use regression to find the line of best fit and the correlation coefficient. Round your answers to two decimal places. y = 18.639x-34631.479 r = 0.947 d. What is the slope of the regression equation? What does it mean? The slope of the regression equation is 0.947 and it means that per capita income by Number for each year. increases е. Use the line of best fit to estimate PCINC for 1900, and for 2000. Round your answers to the nearest integer (dollar). When the year is 1900, y 783 When the year is 2000, y 2447
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