Question

[Calc1]

Help with 2 questions?

(B) What is the least squares regression line

(C) According to the model in (b), for every increase of $1000 in income, the ulcer rate (per 100 population) will go down by _________ points.

Answer 1

Answer:

B) y = -9.98×10⁻⁵ x + 13.95

C) 0.1

Step-by-step explanation:

Using Excel, the least squares regression line, rounded to two decimal places, is y = -9.98×10⁻⁵ x + 13.95.

The slope is -9.98×10⁻⁵, so if x increases by 1000, then y changes by -9.98×10⁻² = -0.0998.  Rounded to one decimal place, the ulcer rate per 100 population will go down by 0.1 points.