Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The accompanying scatterplot shows the median weekly earnings (by quarter) for men and women in a country for the years from 2005 through 2017. The
The accompanying scatterplot shows the median weekly earnings (by quarter) for men and women in a country for the years from 2005 through 2017. The correlation is 0.982. Complete parts (a) through (d) below. Click the icon to view the scatterplot of median weekly earnings. a. Use the scatterplot to estimate the median weekly income for women in a quarter in which the median pay for men is about $800. The predicted median pay for women is about $]. (Round to the nearest dollar as needed.) b. Use the regression equation shown above the graph to get a more precise estimate of the median pay for women in a quarter in which the median pay for men is $800. The predicted median pay for women is $. (Round to the nearest cent as needed.) c. What is the slope of the regression equation? Interpret the slope of the regression equation. Select the correct choice below and fill in the answer box(es) to complete your choice. O A. The slope is . Each additional dollar in men's pay is associated with an increase of $ , on average, in the women's pay. (Type integers or decimals. Do not round.) in the women's pay. - X Men's and Women's Median Weekly Pay Predicted Women = - 40.73 + 0.862 Men 800- ession equation or explain swer box(es) to complete your 750- d median pay for men is 700 Women's Median Pay (dollars per week) 650- median pay for women is 600- es not make sense to have a 550 700 750 800 850 900 950 Men's Median Pay (dollars per week) Print DoneK The accompanying scatterplot shows the median weekly earnings (by quarter) for men and women in a country for the years from 2005 through 2017. The correlation is 0.982. Complete parts (a) through (d) below. Click the icon to view the scatterplot of median weekly earnings. a. Use the scatterplot to estimate the median weekly income for women in a quarter in which the median pay for men is about $800. The predicted median pay for women is about $. (Round to the nearest dollar as needed.) b. Use the regression equation shown above the graph to get a more precise estimate of the median pay for women in a quarter in which the median pay for men is $800. The predicted median pay for women is $]. (Round to the nearest cent as needed.) c. What is the slope of the regression equation? Interpret the slope of the regression equation. Select the correct choice below and fill in the answer box(es) to complete your choice. O A. The slope is . Each additional dollar in men's pay is associated with an increase of $ , on average, in the women's pay. (Type integers or decimals. Do not round.) O B. The slope is Each additional dollar in men's pay causes an increase of $ in the women's pay. (Type integers or decimals. Do not round.) O C. The slope is . There is no association between men's pay and women's pay. (Type an integer or a decimal. Do not round.) d. What is the y-intercept of the regression equation? Interpret the y-intercept of the regression equation or explain why it would be inappropriate to do so. Select the correct choice below and fill in the answer box(es) to complete your choice. O A. The y-intercept is . When the median women's weekly pay is $0, the predicted median pay for men is $ (Type integers or decimals. Do not round.) B. The y-intercept is . When the median men's weekly pay is $0, the predicted median pay for women is $ (Type integers or decimals. Do not round.) C. The y-intercept is . It is not appropriate to interpret the y-intercept since it does not make sense to have a median men's weekly pay of $0. (Type an integer or a decimal. Do not round.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started