Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

years of education from 8 through 24 Finally create a chart showing the BLS data as a scatterplot and add an auto trendline this chart

image text in transcribed
image text in transcribed

years of education from 8 through 24 Finally create a chart showing the BLS data as a scatterplot and add an auto trendline this chart showing years of education versus predicted average income superimposed on the BLS data and forecasting backwa to 8 years and forward to 24 years That is the line should start at 8 years and end at 24 years on the horizontal axis Here you should format your slope and y intercept as numbers with 0 decimal places and your average weekly incomes as Currency with the symbol and 0 decimal places In case you d like to explore the data numbers here are derived from Bureau of Labor Statistics figures at https www bls gov emp tables unemployment earnings education htm to this reference for the assignment Years of Education X 10 12 13 14 16 18 19 20 BLS Data Slope m Y Intercept 0 b Average Weekly Income Y 769 00 826 00 1 138 00 1 069 00 1 707 00 1 669 00 2 238 00 2 069 00 Best Fit Line Parameters Predicted Incomes Based on Best Fit Years of Education Average Weekly Income X Y m X b 8 9 10 11 12 13 14 15 16 17 However you don t need to take any steps relate 18 19 20 21 22

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

A First Course In Finite Elements

Authors: Jacob Fish, Ted Belytschko

1st Edition

0470510846, 9780470510841

More Books

Students also viewed these Mathematics questions

Question

T F Franchise revenues exceed $1.5 trillion per year.

Answered: 1 week ago