The prediction equation relating x = years of education and y = annual income (in dollars) is
Question:
The prediction equation relating x = years of education and y = annual income (in dollars) is ˆy = −20,000+
4000x, and the correlation equals 0.50.
The standard deviations were 2.0 for x and 16,000 for y.
(a) Show how to find the correlation from the slope.
(b) Results were translated to units of euros, at a time when the exchange rate was $1.25 per euro. Find the prediction equation and the correlation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
2+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
