The least squares regression equation is y 787 1x 12 501

Last updated: 6/9/2023

The least squares regression equation is y 787 1x 12 501 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 7332 Complete parts a through d noung ACCESS pooded Median Income 55000 a Predict the median income of a region in which 20 of adults 25 years and older have at least a bachelor s degree 38 15 20 25 30 35 40 45 50 55 60 Bachelor s 20000