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The average living expenses for a selected group of families in New York in January were $5000 (SD=$ 200), and the average in March was $6000 (SD=$ 100), with a correlation coefficient of r=0.5. For a family who spent $5500 in January, what is their predicted expense in March?.

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The average living expenses for a selected group of families in New York in January were $5000 (SD=$ 200), and the average in March was $6000 (SD=$ 100), with a correlation coefficient of r=0.5. For a family who spent $5500 in January, what is their predicted expense in March?

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  • 1. The average living expenses for a selected group of families in New York in January were $5000 (SD=$ 200), and the average in March was $6000 (SD=$ 100), with a correlation coefficient of r=0.5. For a family who spent $5500 in January, what is their predicted expense in March?