Education and income The regression equation for a sample of 100 people relating x = years of

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Education and income The regression equation for a sample of 100 people relating x = years of education and y = annual income (in dollars) is yn = -20,000 + 4000x, and the correlation equals 0.50. The standard deviations were2.0 for education and 16,000 for annual income.

a. Show how to find the slope in the regression equation from the correlation.

b. Suppose that now we let x = annual income and y = years of education. Will the correlation or the slope change in value? If so, show how.

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Statistics The Art And Science Of Learning From Data

ISBN: 9781292164878

4th Global Edition

Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg

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