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Years of formal education appears to be related to income.From a sample of 160 people, b 1 = 0.06, the standard error of estimate is
Years of formal education appears to be related to income.From a sample of 160 people, b1= 0.06, the standard error of estimate is 9.85 and sx2is 605.21.Using a 5% level of significance and a hypothesis test for the slope, is there a linear relationship between the two variables?
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