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Problem set 1: Use the following data to answer questions 1-4 (30 points): There is often thought to be a relationship between a person's educational

Problem set 1: Use the following data to answer questions 1-4 (30 points):

There is often thought to be a relationship between a person's educational attainment and the number of children he or she has. The hypothesis is that as one's educational level increases, he or she has fewer children. Investigate this conjecture with 25 cases drawn from the 2020 GSS file. The following table displays educational attainment, in years, and the number of children for each respondent.

Education Children Education Children Education Children
18 1 14 2 18 2
12 3 13 2 13 2
14 2 15 1 15 3
8 6 12 2 14 2
15 1 12 3 12 2
14 2 11 3
16 1 12 3
12 4 11 4
24 0 12 4
12 3 12 4

2. Calculate the least squares regression equation using education as a predictor variable. What is the value of the slope, b (5 pts)? What is the value of the intercept, a (3 pts)? What is the prediction equation (2 pts)?

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