Catherine just graduated and received a Bachelors Degree. She wants to determine whether she needs to continue

Question:

Catherine just graduated and received a Bachelor’s Degree. She wants to determine whether she needs to continue pursuing a Master’s Degree or start working.

She did a study on the monthly income earned by a person based on the number of years they spent studying after high school. The data collected from a sample of 18 are as follows:

Years Income ($) Years Income ($)

3 3,450 7 6,560 3 4,560 10 9,890 5 5,650 9 10,640 8 7,500 4 5,670 6 8,100 3 4,120 4 4,650 5 5,480 5 6,750 3 3,850 6 7,340 4 4,980 8 8,540 7 6,880

a. Construct an appropriate graph for the data collected by Catherine.

b. Determine and describe the relationship between the number of years spent in study after high school and the income earned.

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics

ISBN: 9781292220383

10th Global Edition

Authors: David Groebner, Patrick Shannon, Phillip Fry

Question Posted: