Thirty employed single individuals were randomly selected to examine the relationship between their age (Age) and their credit card debt (Debt) expressed as a percentage of their annual income. Three polynomial models were applied and the following table summarizes Excel's regression results. Using the quadratic regression equation, find the predicted maximum percentage debt.

Question

Thirty employed single individuals were randomly selected to examine the relationship between their age (Age) and their credit card debt (Debt) expressed as a percentage of their annual income. Three polynomial models were applied and the following table summarizes Excel's regression results.

Using the quadratic regression equation, find the predicted maximum percentage debt.

Quizplus · Accepted Answer

The Answer of Thirty employed single individuals were randomly selected to examine the relationship between their age (Age) and their credit card debt (Debt) expressed as a percentage of their annual income. Three polynomial models were applied and the following table summarizes Excel's regression results.  Using the quadratic regression equation, find the predicted maximum percentage debt.

Thirty Employed Single Individuals Were Randomly Selected to Examine the Relationship