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The Table Below Shows the Age and Annual Income of 12

Question 11

Multiple Choice

The table below shows the age and annual income of 12 randomly selected college graduates all living in the same city. Age Annual Income (dollars)
26 28,520
31 36,750
55 72,155
47 43,225
38 34,197
50 60,030
29 31,625
33 55,975
40 37,064
52 75,082
25 19,055
The scatter plot and regression equation are shown below:  The table below shows the age and annual income of 12 randomly selected college graduates all living in the same city. Age Annual Income (dollars)  26 28,520 31 36,750 55 72,155 47 43,225 38 34,197 50 60,030 29 31,625 33 55,975 40 37,064 52 75,082 25 19,055 The scatter plot and regression equation are shown below:   The regression analysis of this data yields the following values:  \begin{array} { | l | l | }  \hline \text { Variable } & \text { Coefficient } \\ \hline \text { Constant } & - 8447.05 \\ \hline \text { Age } & 1380.95 \\ \hline \end{array}  R2 = 0.7182 Use this model to predict the annual income of a 56 year old college graduate living in this city. A) $77,333 B) $61,367 C) $85,780 D) $70,230 E) $68,886 The regression analysis of this data yields the following values:  Variable  Coefficient  Constant 8447.05 Age 1380.95\begin{array} { | l | l | } \hline \text { Variable } & \text { Coefficient } \\\hline \text { Constant } & - 8447.05 \\\hline \text { Age } & 1380.95 \\\hline\end{array} R2 = 0.7182
Use this model to predict the annual income of a 56 year old college graduate living in this city.


A) $77,333
B) $61,367
C) $85,780
D) $70,230
E) $68,886

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