Exercise 14-61 Static In order to determine if the homeownership rate in the United States is linked with income, state-level data on the homeownership rate (Ownership in %) and median household income (Income in $) were collected. A portion of the data is shown in the accompanying table. State Alabama Alaska Wyoming Ownership 74.1 Income 39,980 66.8 61,604 73.8 52,470 Click here for the Excel Data File a-1. Estimate the model Ownership Bo+B1Income + E. (Negative values should be indicated by a minus sign. Round your answers to 4 decimal places.) [If you are using R to obtain the output, then first enter the following command at the prompt: options(scipen=10). This will ensure that the output is not in scientific notation.] 9 + Income
Exercise 14-61 Static In order to determine if the homeownership rate in the United States is linked with income, state-level data on the homeownership rate (Ownership in %) and median household income (Income in $) were collected. A portion of the data is shown in the accompanying table. State Alabama Alaska Wyoming Ownership 74.1 Income 39,980 66.8 61,604 73.8 52,470 Click here for the Excel Data File a-1. Estimate the model Ownership Bo+B1Income + E. (Negative values should be indicated by a minus sign. Round your answers to 4 decimal places.) [If you are using R to obtain the output, then first enter the following command at the prompt: options(scipen=10). This will ensure that the output is not in scientific notation.] 9 + Income
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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![Exercise 14-61 Static
In order to determine if the homeownership rate in the United States is linked with income, state-level data on the homeownership rate
(Ownership in %) and median household income (Income in $) were collected. A portion of the data is shown in the accompanying
table.
State
Alabama
Alaska
Wyoming
Ownership
74.1
Income
39,980
66.8
61,604
73.8
52,470
Click here for the Excel Data File
a-1. Estimate the model Ownership Bo+B1Income + E. (Negative values should be indicated by a minus sign. Round your answers
to 4 decimal places.) [If you are using R to obtain the output, then first enter the following command at the prompt:
options(scipen=10). This will ensure that the output is not in scientific notation.]
9
+
Income](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7b2d4587-584a-43c7-beb1-00a48f24f486%2F9acabde2-3fb3-4343-acf6-2d09b6bdd7cb%2F9b51jd_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 14-61 Static
In order to determine if the homeownership rate in the United States is linked with income, state-level data on the homeownership rate
(Ownership in %) and median household income (Income in $) were collected. A portion of the data is shown in the accompanying
table.
State
Alabama
Alaska
Wyoming
Ownership
74.1
Income
39,980
66.8
61,604
73.8
52,470
Click here for the Excel Data File
a-1. Estimate the model Ownership Bo+B1Income + E. (Negative values should be indicated by a minus sign. Round your answers
to 4 decimal places.) [If you are using R to obtain the output, then first enter the following command at the prompt:
options(scipen=10). This will ensure that the output is not in scientific notation.]
9
+
Income
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