Use the following regression equation to predict the mean income for all households of the middle fifth of Americans in 2025 (year 11- this is the value of x!). Round all answers to the nearest whole dollar and type it in the space below. Do not include commas or the dollar sign in your answer. y = 2,774.86x + 53,745.5

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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16
Use the following regression equation to predict the
mean income for all households of the middle fifth of
Americans in 2025 (year 11- this is the value of x!).
Round all answers to the nearest whole dollar and type
it in the space below. Do not include commas or the
dollar sign in your answer.
y = 2,774.86x + 53,745.5
The average income will be approximately
$4
Type
here
Transcribed Image Text:16 Use the following regression equation to predict the mean income for all households of the middle fifth of Americans in 2025 (year 11- this is the value of x!). Round all answers to the nearest whole dollar and type it in the space below. Do not include commas or the dollar sign in your answer. y = 2,774.86x + 53,745.5 The average income will be approximately $4 Type here
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