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

question 7

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 25 years of education?

• A)$40,000
• B)$42,000
• C)$45,000
• D)$65,000

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Definitions:

Middle Managers

Individuals in an organization who manage the work of subordinate employees and report to a higher manager.

Middle Managers

Individuals within an organization who manage at a level below top leadership but above frontline employees, responsible for implementing the company's strategies and policies.

Self-Interests

Actions or decisions guided by personal benefit, gain, or interest, often without regard for others.

Strategies

Broad plans or sets of actions designed to achieve specific goals or outcomes within an organization or individual endeavor.