Data on tuition and mid-career salary are collected from a number of universities and colleges. The result of the data collection is the linear regression model ŷ=0.93x + 167 where = annual tuition and y = average mid-career salary of graduates, both in thousands of dollars. 1. Which quantity is the independent variable? average mid-career salary of graduates annual tuition 2. According to this model, what is the average salary for a graduate of a college or university where the annual tuition is $30,000? $ 3. What is the slope of this regression model?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 2SGR
icon
Related questions
Question
Data on tuition and mid-career salary are collected from a number of universities and colleges. The result
of the data collection is the linear regression model
ŷ=0.93x + 167
where x = annual tuition and y = average mid-career salary of graduates, both in thousands of dollars.
1. Which quantity is the independent variable?
O average mid-career salary of graduates
annual tuition
OF
2. According to this model, what is the average salary for a graduate of a college or university where
the annual tuition is $30,000?
$
3. What is the slope of this regression model?
Transcribed Image Text:Data on tuition and mid-career salary are collected from a number of universities and colleges. The result of the data collection is the linear regression model ŷ=0.93x + 167 where x = annual tuition and y = average mid-career salary of graduates, both in thousands of dollars. 1. Which quantity is the independent variable? O average mid-career salary of graduates annual tuition OF 2. According to this model, what is the average salary for a graduate of a college or university where the annual tuition is $30,000? $ 3. What is the slope of this regression model?
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781305652224
Author:
Charles P. McKeague, Mark D. Turner
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax