Use regression to find the line of best fit and the correlation coefficient. C. Round your answers to two decimal places. Number d. What is the slape of the regression equation? What does it mean? The slope of the regression equation is Number by Number and it means that per capita income for each year. Use the line af best fit to estimate PCINC for 1900, and for 1970. Round your answers to the nearest integer (dallar). When the year is 1900, ý Number When the year is 1970,1 Number

MATLAB: An Introduction with Applications
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Chapter1: Starting With Matlab
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The following table shows econamic development measured in per capita income PCINC.
Year
PCINC
Year
PCINC
1870
330
1920
1,048
1880
505
1930
1, 161
1890
590
1940
1,359
1900
751
1950
1, 838
1910
925
1960
2, 128
Table 12.7
a.
What are the independent and dependent variables?
The independent variable is the
and the dependent variable is the
pr pla me
b. Which of the following is the correct scatterplat for the data above?
2500
2000-
1500
1000-
500-
1920
X- year
1880
1900
1940
1950
1980
2500
2000
1500
1000-
A 50
1900
1920
X- year
1880
1940
1960
2500
2000-
1500
1000-
500-
1880
1900
1920
1940
1950
1980
X- year
2500
2000-
1500
1000
50
1920
X- year
1880
1900
1940
1950
1980
Transcribed Image Text:The following table shows econamic development measured in per capita income PCINC. Year PCINC Year PCINC 1870 330 1920 1,048 1880 505 1930 1, 161 1890 590 1940 1,359 1900 751 1950 1, 838 1910 925 1960 2, 128 Table 12.7 a. What are the independent and dependent variables? The independent variable is the and the dependent variable is the pr pla me b. Which of the following is the correct scatterplat for the data above? 2500 2000- 1500 1000- 500- 1920 X- year 1880 1900 1940 1950 1980 2500 2000 1500 1000- A 50 1900 1920 X- year 1880 1940 1960 2500 2000- 1500 1000- 500- 1880 1900 1920 1940 1950 1980 X- year 2500 2000- 1500 1000 50 1920 X- year 1880 1900 1940 1950 1980
C.
Use regression to find the line of best fit and the correlation coefficient.
Round your answers to two decimal places.
T3=
Number
d.
What is the slope af the regression equation? What does it mean?
The slope of the regression equation is
Number
and it means that per capita income
by Number
for each year.
e.
Use the line of best fit to estimate PCINC for 1900, and for 1970.
Round your answers to the nearest integer (dallar).
When the year is 1900, ý = Number
When the year is 1970, ý = Number
Transcribed Image Text:C. Use regression to find the line of best fit and the correlation coefficient. Round your answers to two decimal places. T3= Number d. What is the slope af the regression equation? What does it mean? The slope of the regression equation is Number and it means that per capita income by Number for each year. e. Use the line of best fit to estimate PCINC for 1900, and for 1970. Round your answers to the nearest integer (dallar). When the year is 1900, ý = Number When the year is 1970, ý = Number
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