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6 Exercise 14-27 Algo A social scientist would like to analyze the relationship between educational attainment (In years of higher education) and annual salary (in

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6 Exercise 14-27 Algo A social 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: Salary Education 35 59 Boo 37 Prim Click here for the Excel Data File ferences a. Find the sample regression equation for the model: Salary = 69 + 6, Education + . (Round answers to 2 decimal places.) Salary - Education b. Interpret the coefficient for Education. As Education Increases by 1 year, an Individual's annual salary is predicted to decrease by $8,590. As Education Increases by 1 year, an individual's annual salary is predicted to decrease by $3,870. . As Education Increases by 1 year, an individual's annual salary is predicted to Increase by $3,870. As Education Increases by 1 year, an Individual's annual salary is predicted to Increase by $8,590 c. What Is the predicted salary for an Individual who completed 9 years of higher education? (Round coefficient estimates to at least 4 decimal places and final answer to the nearest whole number.) Salary $

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