Mathematics, 17.07.2019 16:20 PlzNoToxicBan

Asocial scientist would like to analyze the relationship between educational attainment (in years of higher education) and annual salary (in $1,000s). he collects data on 20 individuals. a portion of the data is as follows:
education 3 4 6 2 5 4 8 0
salary $40 36 56 35 72 47 107 52
a) find the sample regression equation for the model: salary = ? 0 + ? 1education + ? . (round intermediate calculations to 4 decimal places. enter your answers in thousands rounded to 2 decimal places.)
b) interpret the coefficient for education.
c) what is the predicted salary for an individual who completed 7 years of higher education? (round intermediate coefficient values to 2 decimal places and final answer, in dollars, to the nearest whole number.)

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 18:00, lovemykay2355

If f(x) = 4x – 3 and g(x) = 8x + 2, find each function value a. f[g(3)] b. g[f(5)] c. g{f[g(-4)]}

Answers: 3

continue

Mathematics, 21.06.2019 21:20, andybiersack154

52 cm radius = diameter = area = circumference = circumfer

Answers: 1

continue

Mathematics, 22.06.2019 03:00, nataliastrong3846

The seventh-grade students at charleston middle school are choosing one girl and one boy for student council. their choices for girls are michaela (m), candice (c), and raven (r), and for boys, neil (n), barney (b), and ted (t). the sample space for the combined selection is represented in the table. complete the table and the sentence beneath it.

Answers: 2

continue

Mathematics, 22.06.2019 03:30, tystar84

The elmina wilson company produces spaghetti sauce that is used in restaurants. the fixed costs total $1,329,050. the selling price per 64 oz. can of sauce is $12.40. the variable cost per can is $4.80. what is the break-even point in number of cans?

Answers: 1

continue

You know the right answer?

Asocial scientist would like to analyze the relationship between educational attainment (in years of...