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15 The homeownership rate in the United States was 67.2% in 2009. In order to determine if homeownership is linked with income, 2009 state level data on the homeownership rate (Ownership) and median household income (Income) were collected. The data can be found on the text website, labeled Home Ownership. Ownership Alabana Alaska Arizona Arkansas California Tecome 72.14 $38,800 65.6% 860,504 67.2 $44,639 66.4% $35.438 55.94 $55,034 67.18 $54,830 69.3* $63,751 74.9% $51,014 44.0% $52,041 Colorado Connecticut Delaware District of Columbia Plorida 69.2% $44,531 65.74 $42,240 Georgia Bavali Idaho Illinois Indiana 58.3% $54,549 73.7% $45,678 67.7% $51,770 70.2% $43,205 70.8% $49,621 65.7% $43,617 69.41 $41,564 70.2 $44,333 Tova Kansas Kentucky Louisiana Maine Maryland 72.31 $46,402 68.41 $63,086 63.91 $58,273 72.7% $44,894 Massachusetta Michigan Minnesota 71.54 $54,990 73.1 $33,978 70.4% $47.669 Mississippi Missouri 10 points etlook Ask Check my work
124 400,har Wyoming 72.3 $51,370 SOURCE: www.census.gov Click here for the Excel Data File eBook a-1. Estimate the model Ownership = 0+1 Income + c. (Negative values should be indicated by a minus sign. Round your answers to 4 decimal places.) Ask 71.9791 + -0.0002 Income a-2. Interpret the model. For a $1,000 increase in income, homeownership rate is predicted to decrease by 0.02%. O For a $1,000 increase in income, homeownership rate is predicted to increase by 0.02%. O For a $1,000 decrease in income, homeownership rate is predicted to increase by 0.01%. 10 points