Below You Are Given Information on Annual Income and Years $\begin{array}{cc}\text { Income In Thousands) }&\text { Years of College }\\28 & 0 \\40 & 3 \\36 & 2 \\28 & 1 \\48 & 4\end{array}$

question 90

Essay

Below you are given information on annual income and years of college education.
$\begin{array}{cc}\text { Income In Thousands) }&\text { Years of College }\\28 & 0 \\40 & 3 \\36 & 2 \\28 & 1 \\48 & 4\end{array}$
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 α = 0.05.
e. At 95% confidence, perform an F test and determine whether or not the model is significant.

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Definitions:

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Financial Planning

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Linkages

This term refers to connections or relationships between different sectors or elements within an economy or between different economies.