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

question 39

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Below you are given information on annual income and years of college education.  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.
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\alpha = 0.05.
e.At 95% confidence, perform an F test and determine whether or not the model is significant.


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