Question: In some nation, a linear regression equation predicting a person's annual medical expenses (y) as a function of age (x) is determined to be y

In some nation, a linear regression equation predicting a person's annual medical expenses (y) as a function of age (x) is determined to be y with hat on top equals space 250 space plus space 30 space x. Use the equation to predict the annual medical expense for a 50 year old. Round your answer to the nearest whole number

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!