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The following are data on the ages and incomes of a random sample of 5 executives working for XYZ corporation and their academic achievement while in college.y= Income( in thousand pesos) Academic Achievement X, 1.5 2.0 Age X, Y 81.7 38 73.3 30 89.5 46 1.75 79.0 40 1.75 69.9 32 2.50 a. Fit an equation of the form y=b, + b,x +b,x, to the equation of the given data.| b. Use the equation obtained in (a) to estimate the average income of a 35-year old executive with 1.25 academic achievement.

The following are data on the ages and incomes of a random sample of 5 executives working for XYZ corporation and their academic achievement while in college.y= Income( in thousand pesos) Academic Achievement X, 1.5 2.0 Age X, Y 81.7 38 73.3 30 89.5 46 1.75 79.0 40 1.75 69.9 32 2.50 a. Fit an equation of the form y=b, + b,x +b,x, to the equation of the given data.| b. Use the equation obtained in (a) to estimate the average income of a 35-year old executive with 1.25 academic achievement.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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The following are data on the ages and incomes of a random sample of 5 executives working for XYZ corporation and their academic achievement while in college.y= Income( in thousand pesos) Academic Achievement X, 1.5 2.0 Age X, Y 81.7 38 73.3 30 89.5 46 1.75 79.0 40 1.75 69.9 32 2.50 a. Fit an equation of the form y=b, + b,x +b,x, to the equation of the given data.| b. Use the equation obtained in (a) to estimate the average income of a 35-year old executive with 1.25 academic achievement.
Transcribed Image Text:The following are data on the ages and incomes of a random sample of 5 executives working for XYZ corporation and their academic achievement while in college.y= Income( in thousand pesos) Academic Achievement X, 1.5 2.0 Age X, Y 81.7 38 73.3 30 89.5 46 1.75 79.0 40 1.75 69.9 32 2.50 a. Fit an equation of the form y=b, + b,x +b,x, to the equation of the given data.| b. Use the equation obtained in (a) to estimate the average income of a 35-year old executive with 1.25 academic achievement.
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