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Interpretation of the slope of the regression line

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Reference no: EM132137971

INC = 40966.1 + 2.796 POP'            sample size = 400

(se)    (545.8)   (.2796);                  R2 = .2468

1. Where INC is the income in millions of dollars and POP the population in millions of people. Provide an interpretation of the slope of the regression line, including the meaning and whether the slope is significant at 5% level.

Reference no: EM132137971

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