Many entrepreneurs have donated money to various causes. Data on the total amoun
ID: 2946544 • Letter: M
Question
Many entrepreneurs have donated money to various causes. Data on the total amount pledged and remaining net worth for the 10 top donors are given in the table.
Amount pledged? (y). Net worth? (x).
Donor
Pledged
?($ millions)
Net Worth
?($ millions)
1
7 comma 7947,794
4 comma 5204,520
2
5 comma 2935,293
50 comma 89050,890
3
2 comma 9052,905
40 comma 25040,250
4
2 comma 1812,181
7 comma 2807,280
5
1 comma 5941,594
5 comma 5405,540
6
1 comma 2331,233
680680
7
1 comma 0871,087
82 comma 04082,040
8
909909
2 comma 2602,260
9
902902
18 comma 11018,110
10
625625
4 comma 7604,760
Interpret the estimate of the slope. Choose from the options below.
A.
The slope is the amount that the net worth is estimated to increase for each unit increase in amount pledged.
B.
The slope is the amount that the amount pledged is estimated to increase for each unit increase in net worth.
C.
The slope is the average net worth.
D.
The slope has no meaning
Explanation / Answer
The slope is the amount that the amount pledged is estimated to increase for each unit increase in net worth. (Option B correct)
Since the reponse variable is the amount pledged, hence the slope is a measure of how much the amount pledged increases, for a unit increase in net worth.
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