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An economics lecturer wants to study the relationship between income (in $1000s) and education (in years). A random sample of ten individuals in their thirties
An economics lecturer wants to study the relationship between income (in $1000s) and education (in years). A random sample of ten individuals in their thirties is taken and the results given below.
Education, x | 16 | 13 | 15 | 10 | 13 | 10 | 19 | 16 | 13 | 15 |
Income, y | 73 | 45 | 65 | 40 | 48 | 41 | 95 | 72 | 62 | 59 |
From a preliminary analysis of the above sample data, it was found that:
mean x = 14 mean y = 60
SSX = 70 SSY = 2698 SSXY = 410
Calculate three decimal places, the coefficient of determination, r2 =
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