Chapter 12: Q. 12. 7 (page 694)
For a given line of best fit, you computed that using data points and the critical value is . Can the line be used for prediction? Why or why not?
Short Answer
Yes. the line can be used for the prediction because
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Chapter 12: Q. 12. 7 (page 694)
For a given line of best fit, you computed that using data points and the critical value is . Can the line be used for prediction? Why or why not?
Yes. the line can be used for the prediction because
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Perform linear regression. What is the linear equation? Round to the nearest whole number.
61. Does the higher cost of tuition translate into higher-paying jobs? The table lists the top ten colleges based on mid-career salary and the associated yearly tuition costs. Construct a scatter plot of the data.
| School | Mid-Career Salary( in thousands) | Yearly Tuition |
| Princeton | 137 | 28,540 |
| Harvey Mudd | 135 | 40,133 |
| CalTech | 127 | 39,900 |
| US Naval Academy | 122 | 0 |
| West Point | 120 | 0 |
| MIT | 118 | 42,050 |
| Lehigh University | 118 | 43,220 |
| NYU-Poly | 117 | 39,565 |
| Babson College | 117 | 40,400 |
| Stanford | 114 | 54,506 |
The following table shows economic development measured in per capita income PCINC.

a. What are the independent and dependent variables?
b. Draw a scatter plot.
c. Use regression to find the line of best fit and the correlation coefficient.
For a given line of best fit, you compute that using data points, and the critical value is 0.666. Can the line be used for prediction? Why or why not?
65. Explain what it means when a correlation has an of .
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