Economics According to the U.S. Department of Education, the average financial aid award (in dollars) for a full-time student is given in the following table for various years:
Year | 2000 | 2005 | 2008 | 2009 | 2010 | 2011 |
Amount | 2925 | 3407 | 3791 | 4056 | 4232 | 4341 |
(a) Let x = 0 correspond to the year 2000, and find the leastsquares regression line for the data.
(b) Graph the data from the years 2000 to 2011 with the leastsquares regression line.
(c) Does the least-squares regression line form a good fit?
(d) What is the correlation coefficient?
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.