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Author Question: Below you are given information on annual income and years of college education.Income (In ... (Read 510 times)

madimontg

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on: Mar 25, 2023

Below you are given information on annual income and years of college education.

 

Income (In Thousands)

Years of College

28

0

40

3

36

2

28

1

48

4


 

a.Develop the least squares regression equation.
b.Estimate the yearly income of an individual with 6 years of college education.
c.Compute the coefficient of determination.
d.Use a t test to determine whether the slope is significantly different from zero. Let α = 0.05.
e.At 95% confidence, perform an F test and determine whether or not the model is significant.

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by madimontg on Mar 25, 2023

hiyayyay

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Reply #1 on: Mar 25, 2023
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madimontg

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Reply 2 on: Mar 25, 2023
Thanks for the timely response, appreciate it

robbielu01

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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