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The following data shows the yearly income (in $1,000) and age of a sample of seven individuals.
a.Develop the least squares regression equation.
b.Estimate the yearly income of a 30-year-old individual.
c.Compute the coefficient of determination.
d.Use a t test to determine whether the slope is significantly different from zero. Let = 0.05.
e.At 95% confidence, perform an F test and determine whether or not the model is significant.
Diversity
The inclusion of individuals from a variety of backgrounds, perspectives, and abilities in a group or organization.
Quotas
Preset limits or targets for a specific measurement, such as production, immigration, or tariffs, within a given timeframe.
Discrimination
Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.
Single parent
An individual who raises a child or children without the assistance of a partner, typically in a sole caretaker role.
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