In a 2008 article by Hsiu-Ling Lee, data from 147 colleges from 1995 to 2005 were used to predict endowments to a college from the average SAT score of students attending the college, among other variables.The resulting regression equation for just these variables was Ŷ = -20.46 + 4.06(X) .Using the regression equation, what would be predicted to be the endowments (in billions) to a college whose students' average SAT score is 1020?
A) 3.6 billion
B) 4,120.74 billion
C) 4,161.66 billion
D) 20,865.14 billion
Correct Answer:
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