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A financial advisor wants to determine how the amount of time spent on financial education affects the amount of debt. Amount debt (in dollars)
A financial advisor wants to determine how the amount of time spent on financial education affects the amount of debt. Amount debt (in dollars) 50000 40000 30000 20000 The equation of the regression line is 50000+(-500)X. A financial education time of 24 hours is found to result in an amount of debt of 38000 dollars. What is the predicted amount of debt? Ex: 7.9 dollars Rectangu 10000 40 50 60 0 10 20 30 Financial education time (in hours) Where is the observed value in relation to the regression line? Pick A financial education time of 38 hours is found to result in a amount of debt of 33130 dollars. What is the predicted amount of debt? Where is the observed value in relation to the regression line? Pick A financial education time of 37 hours is found to result in a amount of debt of 28226 dollars. What is the predicted amount of debt? Where is the observed value in relation to the regression line? Pick dollars dollars
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