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 55000- coefficient of 0.7174. Complete parts (a) through (d). 25000- 15 20 25 30 35 40 45 50 55 60 Bachelor's % ..... (c) Interpret the slope. Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or decimal. Do not round.) O A. For 0% of adults having a bachelor's degree, the median income is predicted to be $ B. For a median income of $0, the percent of adults with a bachelor's degree is %. O C. For every dollar increase in median income, the percent of adults having at least a bachelor's degree is %, on average. D. For every percent increase in adults having at least a bachelor's degree, the median income increases by $ , on average. 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 55000- coefficient of 0.7174. Complete parts (a) through (d). 25000- 15 20 25 30 35 40 45 50 55 60 Bachelor's % ..... (c) Interpret the slope. Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or decimal. Do not round.) O A. For 0% of adults having a bachelor's degree, the median income is predicted to be $ B. For a median income of $0, the percent of adults with a bachelor's degree is %. O C. For every dollar increase in median income, the percent of adults having at least a bachelor's degree is %, on average. D. For every percent increase in adults having at least a bachelor's degree, the median income increases by $ , on average. Median Income
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
100%

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 %
(c) Interpret the slope. Select the correct choice below and fill in the answer box to complete your choice.
(Type an integer or decimal. Do not round.)
A. For 0% of adults having a bachelor's degree, the median income is predicted to be $
B. For a median income of $0, the percent of adults with a bachelor's degree is
%.
O C. For every dollar increase in median income, the percent of adults having at least a bachelor's degree is
%, on average.
O D. For every percent increase in adults having at least a bachelor's degree, the median income increases by $
, on average.
Median Income
of
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps

Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

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
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman