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heleast-squares regression equation is y=649.4x+16,623 where y is the median income and x is the percentage of 25 years and older with at least abachelor's

heleast-squares regression equation is

y=649.4x+16,623 where y is the median income and x is the percentage of 25 years and older with at least abachelor's degree in the region. The scatter diagram indicates a linear relation between the two variables with a correlation coefficient of 0.6998. Complete parts(a) through(d).

15

20

25

30

35

40

45

50

55

60

20000

55000

Bachelor's%

MedianIncome

A scatter diagram has a horizontal axis labeled Bachelor's % from 15 to 60 in increments of 5 and a vertical axis labeled Median Income from 20000 to 55000 in increments of 5000. Points are scattered around a line that rises from left to right and has a slope of about 600.

(a) Predict the median income of a region in which 20% of adults 25 years and older have at least abachelor's degree.

$

13005

13005 (Round to the nearest dollar asneeded.)

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