emily anthony & | 07/28/20 10 Test: Test 4 (Chapters 10, 11 & 4) Time Remaining: 00:21:02 S This Question: 8 pts 12 of 20 (18 complete) This Test: 100 pts Question H The least-squares regression equation is y = 690.4x + 15,544 where y is the median income and x is the percentage of 25 years and older with at least a bachelor's degree in the region. The scatter diagram Median Income 55000- indicates a linear relation between the two variables with a correlation coefficient of 0.7437. Complete parts (a) through (d). 25000- 15 20 2 30 35 40 45 50 55 60 Bachelor's % (a) Predict the median income of a region in which 30% of adults 25 years and older have at least a bachelor's degree. $ (Round to the nearest dollar as needed. ) (b) In a particular region, 25.4 percent of adults 25 years and older have at least a bachelor's degree. The median income in this region is $36,415. Is this income higher than what you would expect? Why? This is than expected because the expected income is $ (Round to the nearest dollar as needed.) (c) Interpret the slope. Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or decimal. Do not round.) O A. For a median income of $0, the percent of adults with a bachelor's degree is %. O B. For every percent increase in adults having at least a bachelor's degree, the median income increases by $ , on average. O C. For every dollar increase in median income, the percent of adults having at least a bachelor's degree is %, on average. O D. For 0% of adults having a bachelor's degree, the median income is predicted to be $ (d) Explain why it does not make sense to interpret the y-intercept. Choose the correct answer below. Click to select your answer(s ). MacBook