Question

Use each model to predict the life expectancy of residents of a country for which the average annual income is $80,000

Answer 1

The life expectancies of residents of a country for which the average annual income is $80,000 for the three models are 12309.9352, 172.2436 and 4828.1393

The life expectancies of the models are given as:

$y =69.9352 + 0.1530\times (income)$ --- model 1

$y =4.2436 + 0.0021\times (income)$ --- model 2

$y =4.1393 + 0.0603\times (income)$ --- model 3

Given that the average annual income is $80,000;

We simply substitute 80000 for income in the equations of the three models.

So, we have:

Model 1

$y =69.9352 + 0.1530\times (income)$

$y =69.9352 + 0.1530\times 80000$

$y =12309.9352$

Model 2

$y =4.2436 + 0.0021\times (income)$

$y =4.2436 + 0.0021\times 80000$

$y =172.2436$

Model 3

$y =4.1393 + 0.0603\times (income)$

$y =4.1393 + 0.0603\times 80000$

$y =4828.1393$

Hence, the life expectancies are 12309.9352, 172.2436 and 4828.1393

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