Homework Help is Here – Start Your Trial Now!
Math
Statistics
The least-squares regression equation is y = 650.9x+ 16,443 where y is the median income and x is the percentage of 25 years and older with at least a bachelor's degree in the region. The scatter diagram indicates a linear relation between the two variables with a correlation coefficient of 0.7174. Complete parts (a) through (d). 55000- 25000- 15 20 25 30 35 40 45 50 55 60 Bachelor's % ..... (a) Predict the median income of a region in which 20% of adults 25 years and older have at least a bachelor's degree. $ 29461 (Round to the nearest dollar as needed.) (b) In a particular region, 27.7 percent of adults 25 years and older have at least a bachelor's degree. The median income in this region is $37,716. Is this income higher than what you would expect? Why? This is V than expected because the expected income is $ (Round to the nearest dollar as needed.) .... Median Income

The least-squares regression equation is y = 650.9x+ 16,443 where y is the median income and x is the percentage of 25 years and older with at least a bachelor's degree in the region. The scatter diagram indicates a linear relation between the two variables with a correlation coefficient of 0.7174. Complete parts (a) through (d). 55000- 25000- 15 20 25 30 35 40 45 50 55 60 Bachelor's % ..... (a) Predict the median income of a region in which 20% of adults 25 years and older have at least a bachelor's degree. $ 29461 (Round to the nearest dollar as needed.) (b) In a particular region, 27.7 percent of adults 25 years and older have at least a bachelor's degree. The median income in this region is $37,716. Is this income higher than what you would expect? Why? This is V than expected because the expected income is $ (Round to the nearest dollar as needed.) .... Median Income

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
The least-squares regression equation is y = 650.9x + 16,443 where y is the median income and x is the percentage of 25 years and older with at least a bachelor's degree in the region. The scatter diagram 55000- indicates a linear relation between the two variables with a correlation coefficient of 0.7174. Complete parts (a) through (d). 25000+ 15 20 25 30 35 40 45 50 55 60 Bachelor's % ..... (a) Predict the median income of a region in which 20% of adults 25 years and older have at least a bachelor's degree. $ 29461 (Round to the nearest dollar as needed.) (b) In a particular region, 27.7 percent of adults 25 years and older have at least a bachelor's degree. The median income in this region is $37,716. Is this income higher than what you would expect? Why? This is than expected because the expected income is $ (Round to the nearest dollar as needed.) Median Income
Transcribed Image Text:The least-squares regression equation is y = 650.9x + 16,443 where y is the median income and x is the percentage of 25 years and older with at least a bachelor's degree in the region. The scatter diagram 55000- indicates a linear relation between the two variables with a correlation coefficient of 0.7174. Complete parts (a) through (d). 25000+ 15 20 25 30 35 40 45 50 55 60 Bachelor's % ..... (a) Predict the median income of a region in which 20% of adults 25 years and older have at least a bachelor's degree. $ 29461 (Round to the nearest dollar as needed.) (b) In a particular region, 27.7 percent of adults 25 years and older have at least a bachelor's degree. The median income in this region is $37,716. Is this income higher than what you would expect? Why? This is than expected because the expected income is $ (Round to the nearest dollar as needed.) Median Income
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS