(Answered) Inc 409661 2796 pop

Economics

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.

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