Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help needed The least-squares regression equation is y = 737.5x + 14,689 where y is the median income and x is the percentage of 25

Help needed

image text in transcribed
The least-squares regression equation is y = 737.5x + 14,689 where y is the median income and x is the percentage of 25 years and older with at least a 55000- bachelor's degree in the region. The scatter diagram indicates a linear relation between the two variables with a correlation coefficient of 0. 7752. Complete parts (a) through (d). Median Income 25000- 15 20 25 30 35 40 45 50 55 60 Bachelor's 36 (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.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematical Applications for the Management Life and Social Sciences

Authors: Ronald J. Harshbarger, James J. Reynolds

11th edition

9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042

More Books

Students also viewed these Mathematics questions

Question

solve please fast 4 5 6 .

Answered: 1 week ago