ZuoTi.Pro
Question

10. (20 pts) A study wants to know how the years of education affects annual income. The following shows the data for four in
math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Solution: 10 Let x denotes the year of a and y aendles the annual income Ginear у 32 12 16 14 la 40 5 dala we @. According todet lita least squase megression> as ? b = equaten 4= atbx Exiy-nag Zoli - x)2 114.8 20 = 5.74 a= y bã = 41 (5.74815) =-45. 1b (6 Let X= 15 than (5.7415) Y = -45. It --95.1 + 06:1 - 41 Hencer y=41 Thus, the prediction of annual meone for an individua

0 0
Add a comment
Know the answer?
Add Answer to:
10. (20 pts) A study wants to know how the years of education affects annual income....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 10. (20 pts) A study wants to know how the years of education affects annual income....

    10. (20 pts) A study wants to know how the years of education affects annual income. The following shows the data for four individuals: Years of education 12 16 14 Annual income (in thousand dollars) 32 41 40 51 18 (a) Use formula to find the regression equation. (b) Predict the annual income for an individual with 15 years of education, (Note: Using formula means using the method in the Course Content, not just getting the final answer from calculator,...

  • Predict the annual income for a female aged 45 with 10 years of education. How much would the predicted income have cha...

    Predict the annual income for a female aged 45 with 10 years of education. How much would the predicted income have changed for a male? [3.5 points] Plot the standardized residuals against predicted income,  from regression in part (a). Check for outliers and explain whether the residual plot supports the assumptions about Ɛ. What is your conclusion? Submit the graph to earn full points. EDUCATION AGE GENDER INCOME (in $1000) 12 60 female 6.5 16 39 male 120 16 33 female...

  • 20. 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 portio...

    20. 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: Salary Education 35 1 67 6 ⋮ ⋮ 32 0 a. Find the sample regression equation for the model: Salary = β0 + β1Education + ε. (Round answers to 2 decimal places.) Salaryˆ=Salary^=    +   Education b. Interpret the coefficient for Education. As Education...

  • An economist wants to determine the relationship between a person's age (in years) and his or...

    An economist wants to determine the relationship between a person's age (in years) and his or her annual income in thousands of dollars). After gathering data from a sample of adults and fitting a regression model, the economist gets the following output from Excel: 0.523 0.274 Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.244 49.637 27 ANOVA df F Significance F 0.005 9.412 Regression Residual Total 1 25 26 SS MS 23190.436 23190.436 61596.524 2463.861...

  • a. Using the Excel’s Regression Tool, develop the estimated regression equation to show how income (y...

    a. Using the Excel’s Regression Tool, develop the estimated regression equation to show how income (y annual income in $1000s) is related to the independent variables education(level of education attained in number of years), age ( Develop the dummy variable for the gender variable first. [ 6 points] Use the t test to test whether each of the coefficients obtained in part (a) are significant at .05 level of significance. What are your conclusions? [3 points] Use the F test...

  • a.   Find the FV of $1,000 invested to earn 10% annually 5 years from now. Answer...

    a.   Find the FV of $1,000 invested to earn 10% annually 5 years from now. Answer this question by using a math formula and also by using the Excel function wizard. Inputs: PV = 1000 I/YR = 10% N = 5 Formula: FV = PV(1+I)^N = Wizard (FV): $1,610.51 Note: When you use the wizard and fill in the menu items, the result is the formula you see on the formula line if you click on cell E12. Put the...

  • Harriet And Smoking Cessation This chapter’s case study demonstrates the usefulness of the Ecological Model and...

    Harriet And Smoking Cessation This chapter’s case study demonstrates the usefulness of the Ecological Model and its interaction with individual-focused interventions, and it also draws together information from other models discussed in the chapter. The case study is presented in segments of a life course as well as an episodic perspective of factors involved in the case. It provides a perspective of the social changes that allow individual behavior changes to succeed, while also examining some of the processes involved...

  • Please answer as many as possible!! QUESTION 10 As the hydrogen ion [H +] concentration in...

    Please answer as many as possible!! QUESTION 10 As the hydrogen ion [H +] concentration in a solution decreases, the hydroxide ion [OH -] concentration increases and the pH increases. decreases and the pH increases. increases and the pH decreases. decreases and the pH stays the same. decreases and the pH decreases. 1 points    QUESTION 11 Environmental science is a theoretical approach in interpreting the environment. way to see the world in scientific terms. narrowly defined set of physical,...

  • Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first...

    Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...

  • All of the following questions are in relation to the following journal article which is available...

    All of the following questions are in relation to the following journal article which is available on Moodle: Parr CL, Magnus MC, Karlstad O, Holvik K, Lund-Blix NA, Jaugen M, et al. Vitamin A and D intake in pregnancy, infant supplementation and asthma development: the Norwegian Mother and Child Cohort. Am J Clin Nutr 2018:107:789-798 QUESTIONS: 1. State one hypothesis the author's proposed in the manuscript. 2. There is previous research that shows that adequate Vitamin A intake is required...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT