The homeownership rate in the U.S. was 67.2% in 2009 . In order to determine if homeownership is linked with income, 2009 statelevel data on the homeownership rate (Ownership in \%) and median household income (income in $ ) were collected. A portion of the data is shown in the accompanying table. Click here for the Excel Data File a-1. Estimate the model Ownership =0+1 Incone +. (Negative values should be indicated by a minus sign. Round your answers to 4 decimal places.) (If you are using R to obtain the output, then first enter the following command at the prompt: options(scipen=10). This will ensure that the output is not in scientific notation.] 4redio:21formuta8e7, th = a-2. Interpret the model. For a $1,000 increase in income. homeownership rate is predicted to decrease by 0.02%. For a $1,000 increase in income, homeownership rate is predicted to decrease by 0.2%. For a $1,000 increase in income, homeownership rate is predicted to decrease by 0.002%. For a $1.000 increase in income. homeownership rate is predicted to decrease by 0.0002%. b. What is the standard error of the estimate? (Round your answer to 2 decimal places.) c. Interpret the coefficient of determination. 5.91% of the sample variation in y is explained by the estimated regression equation. 5.91% of the sample variation in x is explained by the estimated regression equation. 6.91% of the sample variation in x is explained by the estimated regression equation. 4.91% of the sample variation in y is explained by the estimated regression equation. \begin{tabular}{|c|c|c|c|c|} \hline State & Ownership (\%) & income (\$) & & \\ \hline Alabama & 73.9 & 39870 & & \\ \hline Alaska & 66.7 & 61494 & & \\ \hline Avizona & 687 & 45620 & & \\ \hline Arkansas & 6/3 & 36428 & & \\ \hline Califomia & 56.9 & 56024 & & \\ \hline Colorado & 68.3 & 55820 & & +2 \\ \hline Connectiout. & 70.4 & 64741 & & \\ \hline Delaware & 76.3 & 52004 & & \\ \hline District of Columbia & 44.8 & 53031 & & \\ \hline \begin{tabular}{l} Florida \\ \end{tabular} & 70.7 & 45521 & 7 & \\ \hline Georgia & 672 & 43230 & & \\ \hline Hawnii & 59.4 & 55539 & & \\ \hline idaho & 75.3 & 48668 & & \\ \hline Lilinois & 69.0 & 52760 & & \\ \hline IndEana & 71.8 & 44195 & & \\ \hline lowa & 72.2 & 50611 & & \\ \hline Kansas & 67.2 & 44607 & & \\ \hline Kentucky & 71.0 & 42554 & & \\ \hline Loulsiana & 71.7 & 45323 & & \\ \hline Maine & 73.8 & 47392 & & \\ \hline Maryland & 69.5 & 64076 & & \\ \hline Massachusetts & 650 & 59263 & & \\ \hline Michigan & 74.3 & 45884 & & \\ \hline Minnesota & 72.8 & 55980 & & \\ \hline Missiesippl & 75.3 & 34968 & & \\ \hline Minsoun & 71.8 & 48659 & & \\ \hline Montana & 70.5 & 40327 & & \\ \hline Nebraska & 70.0 & 40485 & & \\ \hline Nevada & 62.3 & 51324 & & \\ \hline New Hampshire & 75.9 & 64021 & & \\ \hline New Jersey & 65.8 & 64867 & & \\ \hline New Mexico & 68.9 & 43432 & & \\ \hline Now York & 543 & 50106 & & \\ \hline North Carolina & 69.9 & 41796 & & \\ \hline North Dakota & 65.6 & 49965 & & \\ \hline Onio & 69.5 & 45769 & & \\ \hline Oldahoma & 69.4 & 45768 & & \\ \hline Oregon & & 48988 & & \\ \hline Pennsylvania & 720 & 48062 & & \\ \hline Rhode latand & 628 & 51524 & & \\ \hline South Carolina & 74.2 & 40991 & & \\ \hline South Dakota & 69.4 & 45716 & & \\ \hline Tonnessee & 70.9 & 40407 & & \\ \hline Texas & 652 & 47365 & & \\ \hline Utah & 74.0 & 58381 & & \\ \hline Vermont & 74,1 & 52206 & & \\ \hline \begin{tabular}{l} Virginia \\ \end{tabular} & 69.6 & 60391 & & \\ \hline Washington & 654 & 60282 & & \\ \hline West Virginia & 78.5 & 40380 & & \\ \hline Wisconsin & 702 & 51127 & & \\ \hline Wyoming & 73.6 & 52360 & & \\ \hline \end{tabular}