Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me find the attached answers Question 25 A social scientist would like to analyse the relationship between educational attainment (in years of higher

Please help me find the attached answers

image text in transcribed
Question 25 A social scientist would like to analyse the relationship between educational attainment (in years of higher education) and annual salary (in $1,000s). She collects data on 20 individuals as follows: Table 5 Salary Education 40 3 53 4 80 6 42 IN 70 5 50 110 8 38 W O 42 55 35 40 70 un 60 140 40 75 65 125 8 38 0 a) Determine the Pearson correlation, r, between Salary and Education and discuss your result. [2+1=3 marks] b) Find the sample regression equation for the model: Salary = a+ b*Education + u. [7 marks] c) Interpret the coefficient of education (b). [4 marks] d) Interpret the coefficient of determination. Does this seem like a promising model? Explain. [1+1=2 marks] e) What is the predicted salary for an individual who completed ten years of higher education? Is the prediction accurate? [2+2=4 marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Differential Equations For Engineers

Authors: Wei Chau Xie

1st Edition

0511771037, 9780511771033

More Books

Students also viewed these Mathematics questions

Question

How does your language affect the way you think?

Answered: 1 week ago