Question

A study panel for a professional association suggested the following income guidelines for members in private practice:

Years of Experience X: 5 10 15 20 25 30 Income (in thousands)

Y: 48.8 72.2 82.5 99.5 108.0 111.0

∑x = 105 ∑y = 522 n = 6 ∑y2 = 48,285.78 ∑xy = 10,223.5

The predicted income for a member in private practice with 16 years of experience is?

Answer 1