A Professor of Economics Wants to Study the Relationship Between

question 125

Essay

A professor of economics wants to study the relationship between income y (in $1000s) and education x (in years). A random sample of eight individuals is taken and the results are shown below. $$\begin{array} { | l | c | c | c | c | c | c | c | c | } \hline \text { Education } & 16 & 11 & 15 & 8 & 12 & 10 & 13 & 14 \\\hline \text { Income } & 58 & 40 & 55 & 35 & 43 & 41 & 52 & 49 \\\hline\end{array}$$ Determine the coefficient of determination, and discuss what its value tells you about the two variables.

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Definitions:

Age-Adjusted Death Rates

A statistical measure that allows for the comparison of mortality rates between populations with different age distributions, by applying the observed rates to a standard age structure.

Relative Risk

A measure used in epidemiology to assess the risk of a certain event or disease among one group compared to the risk among another group.

Lung Cancer

A type of cancer that begins in the lungs, which are the two organs found in the chest that help you breathe.

Smokers

People who engage in the act of smoking tobacco products, often categorized in public health studies due to associated health risks.