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What is the expected average increase in charitable donations given a ten thousand dollar increase in income?

What is the expected average increase in charitable donations given a ten thousand dollar increase in 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
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You collect data on 50 randomly selected individuals to determine how important income (x)is in determining charitable donations (y) by individuals. Income is measured in thousands of dollars and charitable donations is measured in dollars. You find the following. n n > Xiyi = 555525, > x; = 182985, = 2200040, i=1 i=1 i=1 What is the expected average increase in charitable donations given a ten thousand dollar increase in income? Select one: а. 0.1504 dollars O b. 1.5038 dollars С. 3.0415 dollars d. 4.2136 dollars e. 42.1359 dollars
Transcribed Image Text:You collect data on 50 randomly selected individuals to determine how important income (x)is in determining charitable donations (y) by individuals. Income is measured in thousands of dollars and charitable donations is measured in dollars. You find the following. n n > Xiyi = 555525, > x; = 182985, = 2200040, i=1 i=1 i=1 What is the expected average increase in charitable donations given a ten thousand dollar increase in income? Select one: а. 0.1504 dollars O b. 1.5038 dollars С. 3.0415 dollars d. 4.2136 dollars e. 42.1359 dollars
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