Question
Create scatterplots using the data in the spreadsheet linked above and display the equation for the regression line. What is the equation for the regression
Create scatterplots using the data in the spreadsheet linked above and display the equation for the regression line.
What is the equation for the regression line that predicts selling price using household income as the explanatory variable?
Y^=000000000x+(000000000)
What is the interpretation of the slope? Pick one
Decrease in household income as selling prices increase
Decrease in selling price as household income increase
Increase in household income as selling price increase
Increase in selling price as household income increase
No practical interpretation
What is the interpretation of the intercept? Pick one
Household income when selling price is 0
No practical interpretation
Selling price when household income is 0
Chart numbers
| Credit score | Probability of default | |
| 610 | 16.7 | |
| 645 | 9.1 | |
| 685 | 4.8 | |
| 705 | 3.2 | |
| 540 | 28 | |
| 580 | 23 | |
| 620 | 16 | |
| 660 | 9 | |
| 700 | 4.4 |
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
