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The Following Equation Represents the Best-Fit Regression Line for Median

Question 203

Short Answer

The following equation represents the best-fit regression line for median personal total income of adult males vs. years of education past eighth grade in Northern Wisconsin.
Median personal income = 5,813 + 5,567 years of education
What would be the expected annual personal income of a male who had 8 years of education past eighth grade?

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