A Sample of Six Recent College Graduates Shows Their Current

question 19

Essay

A sample of six recent college graduates shows their current annual income (in $1000s), years of education, and current age (in years). The data follow: $$\begin{array} { l l l } \text { Income } & \text { Education } & \text { Age } \\47.8 & 2 & 20 \\37.3 & 2 & 25 \\33.5 & 2 & 30 \\79 & 4 & 20 \\67 & 4 & 25 \\39.3 & 4 & 30\end{array}$$ Use Excel's Regression tool to estimate a general linear model of the form that predicts annual income. $$y = \beta _ { 0 } + \beta _ { 1 } x _ { 1 } + \beta _ { 2 } x _ { 2 } + \beta _ { 3 } x _ { 1 } x _ { 2 } + \varepsilon$$ ​

---

Definitions:

Active Listening

The process of fully concentrating, understanding, responding to, and remembering what is being said.

Communication Transparency

The practice of openly and honestly sharing information, fostering an environment of trust and accountability.

Communication Channel

The medium through which a message is transmitted from a sender to a receiver, such as email, phone calls, or face-to-face conversation.

Information Filter

A mechanism or process that screens, selects, and regulates the flow of information.