Question

Saved A social scientist would like to analyze the relationship between educational attainment (in years of higher education) and annual salary (in $1,000s). He collects data on 20 individuals. A portion of the data is as follows: 35 71 31 a. Find the sample regression equation for the model: Salary - po sEducation+ e. (Round answers to 2 decimal places.) SalaryEducation b. Interpret the coefficient for Education. OAs Education increases by 1 unit, an individual's annual salary is predicted to decrease by $7160. OAs Education increases by 1 unit, an individual's annual salary is predicted to increase by $7,160. O As Education increases by 1 unit, an individual's annual salary is predicted to decrease by $8,590 OAs Education increases by 1 unit, an individual's annual salary is predicted to increase by $8.590. c. What is the predicted salary for an individual who completed 6 years of higher education? (Round coefficient estimates to at least 4 decimal places and final answer to the nearest whole number.) Salary

Answer 1

Salary 180 160 140 120 y 71606x + 37.777 R2 =0.4352 100 ◆ Salary 80 ー -Linear (Salary) 60 40 20 0 0 2 6 10 12