the least squares regression equation is y^=654.6x+16.593 where y is the median income and x is the percentage of 25 years and older with at least a bachelor's degree in the region. The scatter diagram indicates a linear relation between the two variables with a correlation coefficient of 0.71530. Complete parts (a) through (d).
(a) Predict the median income of a region in which 2525% of adults 25 years and older have at least a bachelor's degree.
(b) In a particular region, 29.529.5 percent of adults 25 years and older have at least a bachelor's degree. The median income in this region is $39 comma 39839,398. Is this income higher than what you would expect? Why?
(c) Interpret the slope. Select the correct choice below and fill in the answer box to complete your choice.
(Type an integer or decimal. Do not round.)
(d) Explain why it does not make sense to interpret the y-intercept. Choose the correct answer below.