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The average age of American farm owners has risen steadily during the last 30 years. Here are data on the average age of farm owners (years) from 1982 to 2012:
year age
1982 50.51987 521992 53.31997 54.32002 55.32007 57.12012 58.3
-Draw the data on a scatterplot and then draw by eye a regression line for predicting a year's farm population.
-What does the slope represent in the regression line that you plotted above?
-Provide an estimate about the slope. Show your calculations. (hint: it is not necessary or expected to use the elaborate equations in the book that involve calculating standard deviations)
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