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The least-squares regression equation is y = 650.9x+ 16,443 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 0.7174. Complete parts (a) through (d). 55000- 25000- 15 20 25 30 35 40 45 50 55 60 Bachelor's % ..... (a) Predict the median income of a region in which 20% of adults 25 years and older have at least a bachelor's degree. $ 29461 (Round to the nearest dollar as needed.) (b) In a particular region, 27.7 percent of adults 25 years and older have at least a bachelor's degree. The median income in this region is $37,716. Is this income higher than what you would expect? Why? This is V than expected because the expected income is $ (Round to the nearest dollar as needed.) .... Median Income

The least-squares regression equation is y = 650.9x+ 16,443 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 0.7174. Complete parts (a) through (d). 55000- 25000- 15 20 25 30 35 40 45 50 55 60 Bachelor's % ..... (a) Predict the median income of a region in which 20% of adults 25 years and older have at least a bachelor's degree. $ 29461 (Round to the nearest dollar as needed.) (b) In a particular region, 27.7 percent of adults 25 years and older have at least a bachelor's degree. The median income in this region is $37,716. Is this income higher than what you would expect? Why? This is V than expected because the expected income is $ (Round to the nearest dollar as needed.) .... Median Income

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...
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The least-squares regression equation is y = 650.9x + 16,443 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 55000- indicates a linear relation between the two variables with a correlation coefficient of 0.7174. Complete parts (a) through (d). 25000+ 15 20 25 30 35 40 45 50 55 60 Bachelor's % ..... (a) Predict the median income of a region in which 20% of adults 25 years and older have at least a bachelor's degree. $ 29461 (Round to the nearest dollar as needed.) (b) In a particular region, 27.7 percent of adults 25 years and older have at least a bachelor's degree. The median income in this region is $37,716. Is this income higher than what you would expect? Why? This is than expected because the expected income is $ (Round to the nearest dollar as needed.) Median Income
Transcribed Image Text:The least-squares regression equation is y = 650.9x + 16,443 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 55000- indicates a linear relation between the two variables with a correlation coefficient of 0.7174. Complete parts (a) through (d). 25000+ 15 20 25 30 35 40 45 50 55 60 Bachelor's % ..... (a) Predict the median income of a region in which 20% of adults 25 years and older have at least a bachelor's degree. $ 29461 (Round to the nearest dollar as needed.) (b) In a particular region, 27.7 percent of adults 25 years and older have at least a bachelor's degree. The median income in this region is $37,716. Is this income higher than what you would expect? Why? This is than expected because the expected income is $ (Round to the nearest dollar as needed.) Median Income
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