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Ypsilanti Market Research conducted a survey to find out whether people who earn more money purchase more expensive goods. The following graph indicates the relationship between income the survey subjects earned and the price of the car that they purchased 2 ︵ 40 n 25 2 10 I0 20 30 40 50 60 70 80 90 100 INCOME (Thousands of dollars per year)The variable shown on the horizontal axis isprice The units for the variable on the vertical axis are income There are two ways to view the information presented on the graph. First, the graph tells us the amount a person with a certain income is likely to spend on a car, and second, it tells us the probable income of a person who spent a certain amount on a car. For example, if an individual earned $50,000 last year and purchased a new car, you would expect that person to have paid about paid $20,000 for a car, you could use this graph to estimate that this persons income was probably around for the car. Similarly, if someone just Grade It Now Save & Continue Continue without saving

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The variable shown on the horizontal axis is income.

The units for the variable on the vertical axis are thousands of dollars per car.

There are two ways to view the information presented on the graph.First, the graph tells us the amount a person If an individual earned $50,000 last year and purchased a new car , we would expect that person to have paid about $17,500 for the car. Similarly, if someone just paid $20,000 for a car , we can see from the graph that this person's income was probably around $60,000 per year.

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