Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 14 - Section 14.3 - Assess Your Understanding - Applying the Concepts - Page 722: 21b

Answer

The median income of a 50 years old U.S. resident is higher than a 40 years old U.S. resident.

Work Step by Step

$x=40$: $ŷ=-55961.675+4314.374\times40-45.66\times40^2=43557.285$ $x=50$: $ŷ=-55961.675+4314.374\times50-45.66\times50^2=45607.025$ $45607.025\gt43557.285$
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