Correlation and Simple Regression. Market Analysis, Inc., has conducted a survey to learn the income characteristics of an N = 10 sample of department store customers. The survey asked each customer his or her age and household annual income. Survey results were as follows

The regression equation is:
INCOME = 50.4 + 2.03 AGE

Question

Correlation and Simple Regression. Market Analysis, Inc., has conducted a survey to learn the income characteristics of an N = 10 sample of department store customers. The survey asked each customer his or her age and household annual income. Survey results were as follows
   
The regression equation is:
INCOME = 50.4 + 2.03 AGE

Quizplus · Accepted Answer

The Answer of Correlation and Simple Regression. Market Analysis, Inc., has conducted a survey to learn the income characteristics of an N = 10 sample of department store customers. The survey asked each customer his or her age and household annual income. Survey results were as follows
   
The regression equation is:
INCOME = 50.4 + 2.03 AGE