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A social scientist would like to analyze the relationship between educational attainments (years in higher ed)...

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Statistics

A social scientist would like to analyze the relationshipbetween educational attainments (years in higher ed) and annualsalary (in $1,000s). He collects the data above.

SalaryEducation
403
534
806
412
705
544
1108
380
423
554
856
422
705
604
1408
400
765
654
1258
380

a. What is the equation for predicting salary based oneducational attainment?

b. What is the coefficient for education?

c. what is the predicted salary for someone with 4 years ofhigher ed?

Answer & Explanation Solved by verified expert
3.6 Ratings (595 Votes)
a X Mx Y My X Mx2 X MxY My 105 262 11025 2751 005 132 00025 066 195 138 38025 2691 205 252 42025 5166 095 38 09025 361 005 122 00025 061 395 438 156025    See Answer
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