Below you are given information on annual income and years of college education.
a.Develop the least squares regression equation.
b.Estimate the yearly income of an individual with 6 years of college education.
c.Compute the coefficient of determination.
d.Use a t test to determine whether the slope is significantly different from zero. Let $\alpha$ = 0.05.
e.At 95% confidence, perform an F test and determine whether or not the model is significant.

Question

Below you are given information on annual income and years of college education.  
a.Develop the least squares regression equation.
b.Estimate the yearly income of an individual with 6 years of college education.
c.Compute the coefficient of determination.
d.Use a t test to determine whether the slope is significantly different from zero. Let $\alpha$ = 0.05.
e.At 95% confidence, perform an F test and determine whether or not the model is significant.

Quizplus · Accepted Answer

The Answer of Below you are given information on annual income and years of college education.  
a.Develop the least squares regression equation.
b.Estimate the yearly income of an individual with 6 years of college education.
c.Compute the coefficient of determination.
d.Use a t test to determine whether the slope is significantly different from zero. Let $\alpha$ = 0.05.
e.At 95% confidence, perform an F test and determine whether or not the model is significant.

Below You Are Given Information on Annual Income and Years α\alphaα

Below You Are Given Information on Annual Income and Years $\alpha$