Attached is a table with data on consumption and income.  1) What is the slope? 2) What is the intercept? 3) If a person's income is 1, how much do you predict he will spend on consumption?

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
ChapterA: Geometry Review
Section: Chapter Questions
Problem 14E
icon
Related questions
Question
100%

Attached is a table with data on consumption and income. 

1) What is the slope?

2) What is the intercept?

3) If a person's income is 1, how much do you predict he will spend on consumption?

 

Income (
- * Yi – 9 (x; – a)(yi – 9) (x; – x)?
|
Yi)
4
-1
1
3
2
-2
-1
2
4
6.
9
4
2
-1
-1
1
1
6
4
1
1
1
1
-1
LO
3 00
O 5
Transcribed Image Text:Income ( - * Yi – 9 (x; – a)(yi – 9) (x; – x)? | Yi) 4 -1 1 3 2 -2 -1 2 4 6. 9 4 2 -1 -1 1 1 6 4 1 1 1 1 -1 LO 3 00 O 5
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Elementary Linear Algebra (MindTap Course List)
Elementary Linear Algebra (MindTap Course List)
Algebra
ISBN:
9781305658004
Author:
Ron Larson
Publisher:
Cengage Learning