Question
A social scientist would like to analyze the relationship between educational attainment (in years of higher education) and annual salary (in $1,000s). The accompanying data
A social scientist would like to analyze the relationship between educational attainment (in years of higher education) and annual salary (in $1,000s). The accompanying data file shows Salary and Education for 20 individuals.
Listed below is the data.
Salary | Education |
33 | 5 |
55 | 3 |
80 | 8 |
53 | 7 |
72 | 9 |
64 | 7 |
119 | 10 |
52 | 0 |
27 | 5 |
39 | 5 |
98 | 2 |
50 | 4 |
59 | 5 |
59 | 5 |
151 | 7 |
57 | 0 |
83 | 9 |
72 | 5 |
133 | 5 |
30 | 0 |
Find the sample regression equation for the model: Salary = 0 + 1Education +.
Note: Round your answers to 2 decimal places.
What is the predicted salary (in $1,000s) for an individual who completed 6 years of higher education?
Note: Do not round intermediate calculations. Round the final answer to 2 decimal places.
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