Answered: Using the regression formula with a…

Using the regression formula with a slope = 5000 and intercept = 10,000, what would the predicted income be for someone who has 15 years of education? A. 60,000 B. 150,000 C. 85,000 D. 75,000

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter4: Graphs

Section4.4: Understand Slope Of A Line

Problem 4.65TI: Use the slope formula to find the slope of the line through the points: (8,5) and (6,3) .

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Question

Using the regression formula with a slope = 5000 and intercept = 10,000, what would the predicted income be for someone who has 15 years of education?

A. 60,000

B. 150,000

C. 85,000

D. 75,000

Expert Solution