Top Posters
Since Sunday
5
k
4
c
4
M
3
t
3
i
3
B
3
k
3
m
3
c
3
o
3
l
3
Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
New Topic  
samanthakay samanthakay
wrote...
Go to Answer
Posts: 148
Rep: 0 0
A year ago

The following sample data contains the number of years of college and the current annual salary for a random sample of heavy equipment salespeople.


Years of College

Annual Income
(In Thousands)

2

20

2

23

3

25

4

26

3

28

1

29

4

27

3

30

4

33

4

35


a.Which variable is the dependent variable? Which is the independent variable?
b.Determine the least squares estimated regression line.
c.Predict the annual income of a salesperson with one year of college.
d.Test if the relationship between years of college and income is statistically significant at the .05 level of significance.
e.Calculate the coefficient of determination.
f.Calculate the sample correlation coefficient between income and years of college. Interpret the value you obtain.

Textbook 
Essentials of Statistics for Business and Economics

Essentials of Statistics for Business and Economics


Edition: 7th
Authors:
Read 85 times
1 Reply
Replies
Answer verified by a subject expert
tulipfiascotulipfiasco
wrote...
#1
Posts: 159
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

samanthakay Author
wrote...

A year ago
This helped my grade so much Perfect
Ivansitospeed@g
wrote...

Yesterday
Thanks
jblazah
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  776 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1601
  
 665
  
 220
Your Opinion
Do you believe in global warming?
Votes: 422
Previous poll results: How often do you eat-out per week?