Refer to the previous exercise Results in the regression equation 20,000 4000x for y annual income were translated to units of euros, at a time when the exchange rate was $1 25 per euro a Find the intercept of the regression equation (What does 20,000 dollars equal in euros ) b Find the slope of th...

a The intercept is 20000 in dollars thus the intercept in euros is ...

Refer to the previous exercise. Results in the regression equation = -20,000 + 4000x for y

Question:

Refer to the previous exercise. Results in the regression equation ŷ = -20,000 + 4000x for y = annual income were translated to units of euros, at a time when the was $1.25 per euro.
a. Find the intercept of the regression equation. (What does 20,000 dollars equal in euros?)
b. Find the slope of the regression equation.
c. What is the correlation when annual income is measured in euros? Why?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...