Question

The following table lists the monthly incomes (in hundreds of dollars) and the monthly rents paid (in hundreds of dollars) by a sample of six families.

Monthly Income, x	Monthly Rent, y
24	7.0
16	4.5
19	6.5
31	10.3
13	4.5
27	8.5

The values of SSxx and SSxy , rounded to three decimal places, are:

SSxx= Enter you answer; SS_xx

SSxy= Enter you answer; SS_xy

For the regression of y on x, the values of a and b, rounded to two decimal places, are:

a = Enter you answer; a

b = Enter you answer; b

Using the regression of monthly rent paid on monthly income, the predicted value of monthly rent paid by a family with a monthly income of $2600, rounded to the nearest dollar, is: $Enter you answer; predicted value of y.

Suppose we have information on the monthly incomes and the monthly rents paid by a sample of families. In the regression of monthly rent paid on the monthly income for these data, the value of a will represent:

the point where this regression line will intersect the x-axis.

an increase in the monthly rent paid by a family due to a $100 increase in income.

the point where this regression line will intersect the y-axis.

an increase in the income of a family due to a $100 increase in the monthly rent.

Suppose we have information on the monthly incomes and the monthly rents paid by a sample of families. In the regression of monthly rent paid on the monthly income for these data, the value of b will represent:

an increase in the monthly rent paid by a family due to a $100 increase in income.

the point where this regression line will intersect the y-axis.

an increase in the income of a family due to a $100 increase in the monthly rent.

the point where this regression line will intersect the x-axis.

Answer 1