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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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hellchicken hellchicken
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A year ago

Below you are given information on annual income and years of college education.

 

Income (In Thousands)

Years of College

28

0

40

3

36

2

28

1

48

4


 

a.Develop the least squares regression equation.
b.Estimate the yearly income of an individual with 6 years of college education.
c.Compute the coefficient of determination.
d.Use a t test to determine whether the slope is significantly different from zero. Let α = 0.05.
e.At 95% confidence, perform an F test and determine whether or not the model is significant.

Textbook 
Essentials of Statistics for Business and Economics

Essentials of Statistics for Business and Economics


Edition: 7th
Authors:
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naderaidenaderaide
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A year ago
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