Create scatterplots using the data in the spreadsheet linked above and display the equation for the regression line. What is the equation for the regression line that predicts home equity using credit score as the explanatory variable? Y^=x+() What is the interpretation of the slope? What is the interpretation of the intercept? data from spreadsheet Credit score Home equity 709 7,075 699 28,133 720 15,006 711 3,063 706 22,033 733 64,526 701 24,155 723 30,181 727 47,226 705 19,661 727 43,211 725 52,811 717 19,872 715 99,246 723 156,178 724 101,346 714 89,711 712 67,690 713 31,142 713 98,423 726 63,359 680 -7,002 683 117 701 50,773 694 49,677 682 18,414 692 21,915 677 -4,251 704 37,980 667 8,093 694 27,380 682 -9,411 681 10,641 690 13,720 680 21,976 709 21,803 687 -11,464 707 102,833 696 54,641 708 186,909 718 122,187 723 273,037 711 103,007 720 61,389 686 64,988 686 36,129 718 125,003 716 134,887 723 130,119 712 50,686
Create scatterplots using the data in the spreadsheet linked above and display the equation for the regression line. What is the equation for the regression line that predicts home equity using credit score as the explanatory variable? Y^=x+() What is the interpretation of the slope? What is the interpretation of the intercept? data from spreadsheet Credit score Home equity 709 7,075 699 28,133 720 15,006 711 3,063 706 22,033 733 64,526 701 24,155 723 30,181 727 47,226 705 19,661 727 43,211 725 52,811 717 19,872 715 99,246 723 156,178 724 101,346 714 89,711 712 67,690 713 31,142 713 98,423 726 63,359 680 -7,002 683 117 701 50,773 694 49,677 682 18,414 692 21,915 677 -4,251 704 37,980 667 8,093 694 27,380 682 -9,411 681 10,641 690 13,720 680 21,976 709 21,803 687 -11,464 707 102,833 696 54,641 708 186,909 718 122,187 723 273,037 711 103,007 720 61,389 686 64,988 686 36,129 718 125,003 716 134,887 723 130,119 712 50,686
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 3BGP
Related questions
Question
Create scatterplots using the data in the spreadsheet linked above and display the equation for the regression line.
What is the equation for the regression line that predicts home equity using credit score as the explanatory variable?
Y^=x+()
What is the interpretation of the slope?
What is the interpretation of the intercept?
data from spreadsheet
Credit score | Home equity |
709 | 7,075 |
699 | 28,133 |
720 | 15,006 |
711 | 3,063 |
706 | 22,033 |
733 | 64,526 |
701 | 24,155 |
723 | 30,181 |
727 | 47,226 |
705 | 19,661 |
727 | 43,211 |
725 | 52,811 |
717 | 19,872 |
715 | 99,246 |
723 | 156,178 |
724 | 101,346 |
714 | 89,711 |
712 | 67,690 |
713 | 31,142 |
713 | 98,423 |
726 | 63,359 |
680 | -7,002 |
683 | 117 |
701 | 50,773 |
694 | 49,677 |
682 | 18,414 |
692 | 21,915 |
677 | -4,251 |
704 | 37,980 |
667 | 8,093 |
694 | 27,380 |
682 | -9,411 |
681 | 10,641 |
690 | 13,720 |
680 | 21,976 |
709 | 21,803 |
687 | -11,464 |
707 | 102,833 |
696 | 54,641 |
708 | 186,909 |
718 | 122,187 |
723 | 273,037 |
711 | 103,007 |
720 | 61,389 |
686 | 64,988 |
686 | 36,129 |
718 | 125,003 |
716 | 134,887 |
723 | 130,119 |
712 | 50,686 |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 9 images
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning