The median household incomes in South Carolina from 2013 and 2017 are listed in the table below. (Source: “South Carolina Household Income.” Department of Numbers, https://www.deptofnumbers.com/income/south-carolina/) Year 2013 2014 2015 2016 2017 Median Household Income $46,548 $46,887 $48,876 $50,566 $50,570 Determine the linear regression model, I(t), where t = years since 2013 and I = Median Household Income. A. I(t) = 1172.3t + 46548 B. I(t) = 1172.3t + 46345 C. I(t) = 1172.3t D. I(t) = 1172.3t - 2E+06
The median household incomes in South Carolina from 2013 and 2017 are listed in the table below. (Source: “South Carolina Household Income.” Department of Numbers, https://www.deptofnumbers.com/income/south-carolina/) Year 2013 2014 2015 2016 2017 Median Household Income $46,548 $46,887 $48,876 $50,566 $50,570 Determine the linear regression model, I(t), where t = years since 2013 and I = Median Household Income. A. I(t) = 1172.3t + 46548 B. I(t) = 1172.3t + 46345 C. I(t) = 1172.3t D. I(t) = 1172.3t - 2E+06
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The median household incomes in South Carolina from 2013 and 2017 are listed in the table below. (Source: “South Carolina Household Income.” Department of Numbers, https://www.deptofnumbers.com/income/south-carolina/)
|
Year |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Median Household Income |
$46,548 |
$46,887 |
$48,876 |
$50,566 |
$50,570 |
Determine the linear regression model, I(t), where t = years since 2013 and I = Median Household Income.
A. I(t) = 1172.3t + 46548
B. I(t) = 1172.3t + 46345
C. I(t) = 1172.3t
D. I(t) = 1172.3t - 2E+06
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