Question: Create scatterplots using the data in the spreadsheet linked above and display the equation for the regression line. What is the equation for the regression

Create scatterplots using the data in the spreadsheet linked above and display the equation for the regression line.

What is the equation for the regression line that predicts mortgage amount using household income as the explanatory variable?

Y^=(________) x + (_____________)

What is the interpretation of the slope?

Decrease in household income as mortgage amount increases

Decrease in mortgage amount as household income increases

Increase in household income as mortgage amount increases

Increase in mortgage amount as household income increases

No practical interpretation

What is the interpretation of the intercept?

Household income when mortgage amount is 0

Mortgage amount when household income is 0

No practical interpretation

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