The least squares regression equation is y 787 1x 12 501 where y is the...
60.2K
Verified Solution
Link Copied!
Question
Statistics
The least squares regression equation is y 787 1x 12 501 where y is the median income and x is the percentage of 25 years and older with at least a bachelor s degree in the region The scatter diagram indicates a linear relation between the two variables with a correlation coefficient of 0 7332 Complete parts a through d noung ACCESS pooded Median Income 55000 a Predict the median income of a region in which 20 of adults 25 years and older have at least a bachelor s degree 38 15 20 25 30 35 40 45 50 55 60 Bachelor s 20000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!