Question

Mississipi has the lowest income at 40.6 thousand dollars.Mississippi also has about 207 bacherlors degree per 1000 people what does the linear model estimate for that number of bachelors degrees per 1000 per person for Mississippi based on the median income? How good is this estimate?

Answer 1

Answer: A linear model is a type of mathematical equation that describes the relationship between two variables, such as median income and the number of bachelor's degrees per 1000 people. In order to estimate the number of bachelor's degrees per 1000 people for Mississippi based on the median income, you would need a linear equation that describes that relationship.

Without that equation, it's not possible to estimate the number of bachelor's degrees per 1000 people for Mississippi based on the median income.

Additionally, without more information about the data that the model was trained on, the correlation between median income and the number of bachelor's degrees per 1000 people and how accurate and reliable the model is, it's difficult to determine the goodness of this estimate. However, in general, a linear model may provide only a rough estimate, especially if the relationship between the variables is complex or non-linear.

Explanation: