Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

question 15 15) The table below shows the age and annual income of 12 randomly selected college graduates all 15) living in the city of

question 15

image text in transcribed
15) The table below shows the age and annual income of 12 randomly selected college graduates all 15) living in the city of Seattle. Age Annual Income (dollars) 26 28,520 31 36,750 55 72,155 47 43,225 38 34,197 50 60,030 29 25,005 23 31,625 33 55,975 40 37,064 52 75,082 25 19,055 The scatterplot and regression line are graphed below: 80000+ 50000 Annual Income (dollars) 40000 20000- 10 30 40 50 60 Age Would it be reasonable to use the regression equation to predict the annual income of a college graduate in Seattle who is 90 years old? Explain your answer. A) Yes; the regression line fits the data quite closely. B) No; regression equations can not be used to predict values for which there is no input data. C) No; 90 year olds are outside the age range of the data. D) No; the regression line does not fit the data very closely

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_2

Step: 3

blur-text-image_3

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

Concepts In Complex Analysis

Authors: Rashmi Rana

1st Edition

9353146461, 9789353146467

More Books

Students also viewed these Mathematics questions

Question

Convert 137 to base 2.

Answered: 1 week ago

Question

2. It is the results achieved that are important.

Answered: 1 week ago