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2b) • Using a Graphing calculator or spreadsheet program, create the least squares regression line of the median  student loan debt for graduates versus the average salary after 10 years. Be sure to define any variables.                  • Identify and interpret the correlation coefficient and coefficient of determination.  • By looking at the scatterplot and the least squares regression line, determine the college that you believe is the  best value. Explain your reasoning.   • Using the college (Harvard University) you chose, identify and interpret its residual based on the least squares regression model.

2b) • Using a Graphing calculator or spreadsheet program, create the least squares regression line of the median  student loan debt for graduates versus the average salary after 10 years. Be sure to define any variables.                  • Identify and interpret the correlation coefficient and coefficient of determination.  • By looking at the scatterplot and the least squares regression line, determine the college that you believe is the  best value. Explain your reasoning.   • Using the college (Harvard University) you chose, identify and interpret its residual based on the least squares regression model.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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2b) • Using a Graphing calculator or spreadsheet program, create the least squares regression line of the median  student loan debt for graduates versus the average salary after 10 years. Be sure to define any variables.                  • Identify and interpret the correlation coefficient and coefficient of determination. 
• By looking at the scatterplot and the least squares regression line, determine the college that you believe is the  best value. Explain your reasoning.  
• Using the college (Harvard University) you chose, identify and interpret its residual based on the least squares regression model.  

Average Salary ($) 140,000 130,000 120,000 110,000 100,000 90,000 80,000 70,000 60,000 Average Salary and Median Loan Debt 10,000 15,000 ● 20,000 Student Loans ($) 25,000 30,000
Transcribed Image Text:Average Salary ($) 140,000 130,000 120,000 110,000 100,000 90,000 80,000 70,000 60,000 Average Salary and Median Loan Debt 10,000 15,000 ● 20,000 Student Loans ($) 25,000 30,000
College Name: Harvard University Princeton University Yale University Current Yearly Tuition: $55,587 $56,010 $59,950 Columbia University $63,530 Cornell University $61,015 Brown University $62,304 Dartmouth College $60,870 University of Pennsylvania $61,710 SUNY Buffalo Massachusetts Institute of $55,878 Technology $10,782 (In-state) Tuition (4 years total): $222,348 $224,040 $239,800 $254,120 $244,060 $249,216 $243,480 $246,840 $223,512 $43,128 (In-state) Median Student Loan Debt for Graduates: $12,665 $9,623 $13,142 $29,757 $14,500 $13,000 $17,000 $16,763 $25,080 $13,254 Average Salary After 10 Years: $136,700 $95,689 $88,655 $89,871 $91,176 $78,943 $91,627 $103,246 $111,222 $62,022
Transcribed Image Text:College Name: Harvard University Princeton University Yale University Current Yearly Tuition: $55,587 $56,010 $59,950 Columbia University $63,530 Cornell University $61,015 Brown University $62,304 Dartmouth College $60,870 University of Pennsylvania $61,710 SUNY Buffalo Massachusetts Institute of $55,878 Technology $10,782 (In-state) Tuition (4 years total): $222,348 $224,040 $239,800 $254,120 $244,060 $249,216 $243,480 $246,840 $223,512 $43,128 (In-state) Median Student Loan Debt for Graduates: $12,665 $9,623 $13,142 $29,757 $14,500 $13,000 $17,000 $16,763 $25,080 $13,254 Average Salary After 10 Years: $136,700 $95,689 $88,655 $89,871 $91,176 $78,943 $91,627 $103,246 $111,222 $62,022
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