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Select all correct interpretation of the estimated slope coefficient for income. There are three correct answers. Hint: I would suggest you look carefully at the raw dataset, specifically for Wisconsin, along with the rationale behind the interpretation of the MLR slope coefficients in lecture to help you answer this question. O If the per capita income in a state rose by one dollar, it would lead to roughly 3,179 additional residents in the state. V While keeping a state's life expectancy, high school graduation rate, and mean frosty days fixed, every additional dollar increase in per capita income would lead to roughly 3,179 additional residents in the state. After adjusting for life expectancy, high school graduation rate, and mean frosty days, one additional dollar in per capita income is expected to increase a state's population by roughly 3,179 residents. O If Wisconsin's per-capita income decreased by 10% while its life expectancy, high school graduation rate, and mean frost days remained the same, Wisconsin is expected to lose 10% of its residents. V If Wisconsin's per-capita income decreased by 10% while its life expectancy, high school graduation rate, and mean frost days remained the same, Wisconsin is expected to lose about 318 residents. V If Wisconsin's per-capita income decreased by 10% while its life expectancy, high school graduation rate, and mean frost days remained the same, Wisconsin is expected to lose about 1.420 million residents. If Wisconsin's per capita income decreased by 10%, it is expected to lose about 1.420 million residents. The unit of the slope for income is in dollars per thousand people.

Select all correct interpretation of the estimated slope coefficient for income. There are three correct answers. Hint: I would suggest you look carefully at the raw dataset, specifically for Wisconsin, along with the rationale behind the interpretation of the MLR slope coefficients in lecture to help you answer this question. O If the per capita income in a state rose by one dollar, it would lead to roughly 3,179 additional residents in the state. V While keeping a state's life expectancy, high school graduation rate, and mean frosty days fixed, every additional dollar increase in per capita income would lead to roughly 3,179 additional residents in the state. After adjusting for life expectancy, high school graduation rate, and mean frosty days, one additional dollar in per capita income is expected to increase a state's population by roughly 3,179 residents. O If Wisconsin's per-capita income decreased by 10% while its life expectancy, high school graduation rate, and mean frost days remained the same, Wisconsin is expected to lose 10% of its residents. V If Wisconsin's per-capita income decreased by 10% while its life expectancy, high school graduation rate, and mean frost days remained the same, Wisconsin is expected to lose about 318 residents. V If Wisconsin's per-capita income decreased by 10% while its life expectancy, high school graduation rate, and mean frost days remained the same, Wisconsin is expected to lose about 1.420 million residents. If Wisconsin's per capita income decreased by 10%, it is expected to lose about 1.420 million residents. The unit of the slope for income is in dollars per thousand people.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
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
Chapter3: Straight Lines And Linear Functions
Section3.CR: Chapter Review Exercises
Problem 15CR: Life Expectancy The following table shows the average life expectancy, in years, of a child born in...
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MLR model, using r dataset, state.x77, with Population as the dependent variable, and Income, Life.Exp, HS.Grad, and Frost as the independent variables 

Select all correct interpretation of the estimated slope coefficient for income. There are three correct answers. Hint: I would suggest you look carefully at the raw dataset, specifically for Wisconsin, along with the rationale behind the interpretation of the MLR slope coefficients in lecture to help you answer this question. O If the per capita income in a state rose by one dollar, it would lead to roughly 3,179 additional residents in the state. V While keeping a state's life expectancy, high school graduation rate, and mean frosty days fixed, every additional dollar increase in per capita income would lead to roughly 3,179 additional residents in the state. O After adjusting for life expectancy, high school graduation rate, and mean frosty days, one additional dollar in per capita income is expected to increase a state's population by roughly 3,179 residents. O If Wisconsin's per-capita income decreased by 10% while its life expectancy, high school graduation rate, and mean frost days remained the same, Wisconsin is expected to lose 10% of its residents. V If Wisconsin's per-capita income decreased by 10% while its life expectancy, high school graduation rate, and mean frost days remained the same, Wisconsin is expected to lose about 318 residents. V If Wisconsin's per-capita income decreased by 10% while its life expectancy, high school graduation rate, and mean frost days remained the same, Wisconsin is expected to lose about 1.420 million residents. O If Wisconsin's per capita income decreased by 10%, it is expected to lose about 1.420 million residents. V The unit of the slope for income is in dollars per thousand people.
Transcribed Image Text:Select all correct interpretation of the estimated slope coefficient for income. There are three correct answers. Hint: I would suggest you look carefully at the raw dataset, specifically for Wisconsin, along with the rationale behind the interpretation of the MLR slope coefficients in lecture to help you answer this question. O If the per capita income in a state rose by one dollar, it would lead to roughly 3,179 additional residents in the state. V While keeping a state's life expectancy, high school graduation rate, and mean frosty days fixed, every additional dollar increase in per capita income would lead to roughly 3,179 additional residents in the state. O After adjusting for life expectancy, high school graduation rate, and mean frosty days, one additional dollar in per capita income is expected to increase a state's population by roughly 3,179 residents. O If Wisconsin's per-capita income decreased by 10% while its life expectancy, high school graduation rate, and mean frost days remained the same, Wisconsin is expected to lose 10% of its residents. V If Wisconsin's per-capita income decreased by 10% while its life expectancy, high school graduation rate, and mean frost days remained the same, Wisconsin is expected to lose about 318 residents. V If Wisconsin's per-capita income decreased by 10% while its life expectancy, high school graduation rate, and mean frost days remained the same, Wisconsin is expected to lose about 1.420 million residents. O If Wisconsin's per capita income decreased by 10%, it is expected to lose about 1.420 million residents. V The unit of the slope for income is in dollars per thousand people.
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