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Question 10 of 19 (1 point) | Question Attempt: 1 of 1 Time Remaining: 1:56:56 Haimore V In ongoing economic analyses, the U.S. federal government

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Question 10 of 19 (1 point) | Question Attempt: 1 of 1 Time Remaining: 1:56:56 Haimore V In ongoing economic analyses, the U.S. federal government compares per capita Incomes not only among different states but also for the same state at different times. Typically, what the federal government finds is that "poor" states tend to stay poor and "wealthy" states tend to stay wealthy. Would we have been able to predict the 1999 per capita income for a state (denoted by )) from its 1980 per capita Income (denoted by X)? The following blvariate data give the per capita Income (In thousands of dollars) for a sample of states in the years 1980 and 1999 (source: U.S. Bureau of Economic Analysis, Survey of Current Business, May 2000). The data are plotted in the scatter plot below, and the least-squares regression line is drawn. The equation for this line ? Is y = 9.34+1.81x. 1980 per 1999 par capita capita Income, F income, J (in $1000s) (In $1000s) Montana 22 3 North Carolina 82 26 2 Hawal 115 27 8 Georgia 85 27 2 Nebraska 93 27.4 California 120 29 8 1999 per capita income, y (in $10ous) North Dakota 8.1 23 5 Wisconsin 10.2 27.4 New Mexico 8.4 22 1 Utah 8.5 23.4 Kansas 10 0 26.6 Oregon 107 27.1 1980 per capita income, x New Hampshire 90 30 9 (in $1000s) 1010 26 5 New York 11 1 33 9 Sand data to calculator Sand data to Excel Based on the sample data and the regression line, complete the following. a) For these data, 1999 per capita Incomes that are less than the mean of the 1999 per capita incomes tend to be paired X with 1930 per capita incomes that are (Choose one) | the mean of the 1980 per capita incomes. 5 b) According to the regression equation, for an increase of one thousand dollars in 1981 per capita Income, there Is a corresponding (Chasse one) v of 1.81 thousand dollars in 1999 per capita Income (c) What was the observed 1999 per capita income (In thousands of dollars) When the 1980 per capita Income was 11.1 thousand dollars? (c) From the regression equation, what is the predicted 1999 per capita Income (in thousands of dollars) when the 1980 per capita income is 1!:1 thousand dollars? (Round your anawer to at least one decimal place )

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