Develop a regression equation for predicting current investment based on college debt
guru2009 (Not rated)
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| A random sample of 20 individuals who graduated from college five years ago were asked to report the total amount of debt (in $) they had when they graduated from college and the total value of their current investments (in $) resulting in the data set below. |
| Debt |
| 6865 |
| 12870 |
| 16594 |
| 3346 |
| 3093 |
| 14373 |
| 8038 |
| 18041 |
| 22209 |
| 9711 |
| 20841 |
| 12588 |
| 15944 |
| 20602 |
| 15693 |
| 23457 |
| 11378 |
| 3721 |
| 20438 |
| 8662 |
| 1)Develop a regression equation for predicting current investment based on college debt. What is the expected change in current investment for each additional dollar of college debt? Give your answer to four decimal places. |
| 2)What is the predicted current investment for an individual who had a college debt of $5000? Give your answer to two decimal places. |
| 3)What proportion of the variation in current investment is explained by college debt? Give your answer to four decimal places. |
10 years ago
Develop a regression equation for predicting current investment based on college debt
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a_random_sample_of_20_individuals_who_graduated_from_college_five_years_ago.xls
