If the coefficient of correlation is .8, then the percentage of variation in the dependent variable explained by the estimated r
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Answer:
26 years of age.
Step-by-step explanation:
The average annual income, I, in dollars, of a lawyer with an age of x years is modeled with with the following function:
I = - 425x² + 45500x - 650000 .......... (1)
If the average annual income of the lawyer at the age of x years is $250000, then from the equation (1) we can write
- 425x² + 45500x - 650000 = 250000
⇒ - 425x² + 45500x - 900000 = 0
⇒ - 17x² + 1820x - 36000 = 0
Now, using the quadratic formula,
years (Approximate)
{We have neglected the other root as we need the youngest age}(Answer)