Develop a regression equation for predicting current investment based

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.

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