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2 [17 pts] Inference in SLR: Are people happier when they make more money? A recent study by a senior fellow at the Wharton Business
2 [17 pts] Inference in SLR: Are people happier when they make more money? A recent study by a senior fellow at the Wharton Business School finds strong relation between income and happiness. The new study says that money improves happiness no matter how much someone already has. A dataset contains 498 observations record the normalized income and happiness and the correlation between these two variables is 0.8656. A quick summary of the dataset is given in the following
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