The table below shows the age and annual income of 12 randomly selected college graduates all living in the same city.
The scatter plot and regression equation are shown below:
The regression analysis of this data yields the following values:
R2 = 0.7182
Use this model to predict the annual income of a 56 year old college graduate living in this city.
A) $77,333
B) $61,367
C) $85,780
D) $70,230
E) $68,886
Correct Answer:
Verified
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