Using the Regression Formula with a Slope = 2,000 and an Intercept

question 35

Multiple Choice

Using the regression formula with a slope = 2,000 and an intercept = 15,000,what would the predicted income be for someone who has 5 years of education?

• A)$25,000
• B)$42,000
• C)$45,000
• D)$47,000

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Definitions:

Glacier

A large, slow-moving mass of ice, formed by the accumulation and compaction of snow, which shapes the landscape as it flows.

Continental Collision

The process where two continental tectonic plates collide, resulting in mountain building and seismic activity.

Compound Interest

Interest calculated on both the initial principal and the accumulated interest from previous periods, leading to exponential growth over time.

Compounded Daily

Refers to the process of calculating interest on an initial principal, which includes both the accumulated interest from previous periods and the principal itself, on a daily basis.