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.
