Fill in the blank: For these data, 1999 per capita incomes that are less than the mean of the 1999 per capita incomes tend to be paired with 1980 per capita incomes that are _____ the mean of the 1980 per capita incomes. Choose onegreater thanless than 2. According to the regression equation, for an increase of one thousand dollars in 1980 per capita income, there is a corresponding increase of how many thousand dollars in 1999 per capita income? 3. What was the observed 1999 per capita income (in thousands of dollars) when the 1980 per capita income was 7.6 thousand dollars? 4. From the regression equation, what is the predicted 1999 per capita income (in thousands of dollars) when the 1980 per capita income is 7.6 thousand dollars? (Round your answer to at least one decimal place.)
Fill in the blank: For these data, 1999 per capita incomes that are less than the mean of the 1999 per capita incomes tend to be paired with 1980 per capita incomes that are _____ the mean of the 1980 per capita incomes. Choose onegreater thanless than 2. According to the regression equation, for an increase of one thousand dollars in 1980 per capita income, there is a corresponding increase of how many thousand dollars in 1999 per capita income? 3. What was the observed 1999 per capita income (in thousands of dollars) when the 1980 per capita income was 7.6 thousand dollars? 4. From the regression equation, what is the predicted 1999 per capita income (in thousands of dollars) when the 1980 per capita income is 7.6 thousand dollars? (Round your answer to at least one decimal place.)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.3: Modeling Data With Power Functions
Problem 6E: Urban Travel Times Population of cities and driving times are related, as shown in the accompanying...
Related questions
Topic Video
Question
In ongoing economic analyses, the U.S. federal government compares per capita incomes not only among different states but also for the same state at different times. Typically, what the federal government finds is that "poor" states tend to stay poor and "wealthy" states tend to stay wealthy.
per capita income for a state (denoted by
) from its
per capita income (denoted by
)? The following bivariate data give the per capita income (in thousands of dollars) for a sample of fourteen states in the years
and
(source: U.S. Bureau of Economic Analysis, Survey of Current Business, May
). The data are plotted in the scatter plot in Figure 1, and the least-squares regression line is drawn. The equation for this line is
.
Based on the above information, answer the following:
Would we have been able to predict the
1999
y
1980
x
1980
1999
2000
=y+0.382.75x
|
|
|
||||||||
|
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 5 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill