Instruction 13.2
A lecturer in industrial relations believes that an individual's wage rate at a factory (Y) depends on his performance rating (X₁) and the number of economics courses the employee successfully completed at university (X₂) . The lecturer randomly selects six workers and collects the following information:
$\begin{array} { | l | l | l | l | } \hline \text { Employee } & Y ( \$ ) & X 1 & X 2 \\\hline 1 & 10 & 3 & 0 \\\hline 2 & 12 & 1 & 5 \\\hline 3 & 15 & 8 & 1 \\\hline 4 & 17 & 5 & 8 \\\hline 5 & 20 & 7 & 12 \\\hline 6 & 25 & 10 & 9 \\\hline\end{array}$
-Referring to Instruction 13.2,for these data,what is the estimated coefficient for the number of economics courses taken,b₂?

Question

Instruction 13.2
A lecturer in industrial relations believes that an individual's wage rate at a factory (Y) depends on his performance rating (X₁) and the number of economics courses the employee successfully completed at university (X₂) . The lecturer randomly selects six workers and collects the following information:

\begin{array} { | l | l | l | l | } \hline \text { Employee } & Y ( \$ ) & X 1 & X 2 \\\hline 1 & 10 & 3 & 0 \\\hline 2 & 12 & 1 & 5 \\\hline 3 & 15 & 8 & 1 \\\hline 4 & 17 & 5 & 8 \\\hline 5 & 20 & 7 & 12 \\\hline 6 & 25 & 10 & 9 \\\hline\end{array}

-Referring to Instruction 13.2,for these data,what is the estimated coefficient for the number of economics courses taken,b₂?

Quizplus · Accepted Answer

The Answer of Instruction 13.2 A lecturer in industrial relations believes that an individual's wage rate at a factory (Y) depends on his performance rating (X 1 ) and the number of economics courses the employee successfully completed at university (X 2 ). The lecturer randomly selects six workers and collects the following information: $$\begin{array} { | l | l | l | l | } \hline \text { Employee } & Y ( \$ ) & X 1 & X 2 \ \hline 1 & 10 & 3 & 0 \ \hline 2 & 12 & 1 & 5 \ \hline 3 & 15 & 8 & 1 \ \hline 4 & 17 & 5 & 8 \ \hline 5 & 20 & 7 & 12 \ \hline 6 & 25 & 10 & 9 \ \hline \end{array}$$ -Referring to Instruction 13.2,for these data,what is the estimated coefficient for the number of economics courses taken,b₂? A) 6.932 B) 1.054 C) 9.103 D) 0.616

Instruction 13 -Referring to Instruction 13