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ces A social scientist would like to analyze the relationship between educational attainment (in years of higher education) and annual salary (in $1,000s) He
ces 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 33 71 Education 35 Click here for the Excel Data File a. Find the sample regression equation for the model salary - 0+yEducation + (Round your answers to 2 decimal places.) Salary Education b. Interpret the coefficient for Education. O As Education increases by 1 year, an individual's annual salary is predicted to increase by $5,990. O As Education increases by 1 year, an individual's annual salary is predicted to increase by $8,590 O As Education increases by 1 year, an individual's annual salary is predicted to decrease by $8,590 O As Education increases by 1 year, an individual's annual salary is predicted to decrease by $5,990. c. What is the predicted salary (in $1,000s) for an individual who completed 6 years of higher education? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Salary (in $1,000s) 1 Salary Education 2 33 4 3 71 2 4 84 3 5 50 3 6 65 1 7 78 3 8 112 5 9 54 0 10 28 3 11 29 3 12 101 4 13 38 7 14 72 9 15 65 6 16 160 12 17 57 0 18 87 2 19 56 1 20 127 5 21 35 0 22
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