Debt-to-income ratio	Loan Amount
35	127000
13	64845
18	87065
44	97000
47	37000
40	54189
11	80000
59	87500
21	253000
15	51000
30	165000
9	22853
17	188815
29	35000
38	34221
33	115000
30	77220
34	79000
42	73656
14	78000
14	56668
23	95920
21	55825
39	163240
17	81389
18	101300
21	122606
15	86339
16	183623
10	126412
23	44000
22	69832
43	157500
23	70000
24	77518
10	88792
35	57661
16	40590
22	73000
44	48048
34	111430
25	257477
17	105000
9	36000
15	145138
46	95000
31	117000
18	132792
12	45000
42	393400

ibrary > MAT 240: Applied Statistics home > 2.3: Least squares method 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 mortgage amount using household income as the explanatory variable? Y^=x+(1 What is the interpretation of the slope? What is the interpretation of the intercept? ibrary > MAT 240: Applied Statistics home > 2.3: Least squares method 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 mortgage amount using household income as the explanatory variable? Y^=x+(1 What is the interpretation of the slope? Pick Decrease in household income as mortgage amount increases Decrease in mortgage amount as household income increases Increase in household income as mortgage amount increases Increase in mortgage amount as household income increases No practical interpretation ibrary > MAT 240: Applied Statistics home > 2.3: Least squares method 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 mortgage amount using household income as the explanatory variable? Y^=x+(1 What is the interpretation of the slope? What is the interpretation of the intercept? Pick Household income when mortgage amount is 0 Mortgage amount when household income is 0 No practical interpretation