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Author Question: Below you are given information on annual income and years of college education.Income (In ... (Read 57 times)

madimontg

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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.



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Marked as best answer by madimontg on Mar 25, 2023

hiyayyay

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madimontg

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Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)


apple

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Reply 3 on: Yesterday
:D TYSM

 

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