Math 533 Week 7 Course Project VERY CORRECT

Math 533 Week 7 Course Project C The scatterplot graph (appendix) signifies the relationship of income and credit balance. There is a positive relationship between the income ($1,000) and the credit balance. There is a direct correlation of the credit balance increasing as the income also increases. Due to the best fit line, the graph shows that there are some incomes that will be below this line that will also have a high credit line. This would propose that there are some additional factors that will affect the income other than the credit balance. A also called the method of least squares. In order to find this line the sum of the errors must equal 0 and the sum of the squared errors (SEE) is smaller than any other straight-lined model. The Coefficient of Correlation is the linear relationship between the income and the credit