02 May A Random Sample Of 20 Individuals Who Graduated From College Five Years Ago Were Asked To Report …
A random sample of 20 individuals who graduated from college five years ago were asked to report the total amount of debt (in $) they had when they graduated from college and the total value of their current investments (in $) resulting in the data set below. Debt Invested 6865 54613 12870 42015 16594 38949 3346 65439 3093 61801 14373 38200 8038 49813 18041 35515 22209 24488 9711 48925 20841 28922 12588 43494 15944 38932 20602 27374 15693 37278 23457 24720 11378 48766 3721 60670 20438 25365 8662 50303 1)Develop a regression equation for predicting current investment based on college debt. What is the expected change in current investment for each additional dollar of college debt? Give your answer to four decimal places. 2)What is the predicted current investment for an individual who had a college debt of $5000? Give your answer to two decimal places. 3)What proportion of the variation in current investment is explained by college debt? Give your answer to four decimal places.
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