The table below shows the age and annual income of 12 randomly selected college graduates all living in the same city. Age Annual Income (dollars)
26 28,520
31 36,750
55 72,155
47 43,225
38 34,197
50 60,030
29 31,625
33 55,975
40 37,064
52 75,082
25 19,055
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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