A Professor of Economics Wants to Study the Relationship Between

question 55

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. $$\begin{array} { | l | c | c | c | c | c | c | c | c | } \hline \text { Education } & 16 & 11 & 15 & 8 & 12 & 10 & 13 & 14 \\\hline \text { Income } & 58 & 40 & 55 & 35 & 43 & 41 & 52 & 49 \\\hline\end{array}$$ Conduct a test of the population coefficient of correlation to determine at the 5% significance level whether a linear relationship exists between years of education and income.

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Definitions:

Criminal Activities

Actions that are in violation of the legal codes and are punishable by law, ranging from theft and fraud to violent crimes.

Behavioralist

A behavioralist is a practitioner of behaviorism, focusing on observable and measurable aspects of human behavior.

Reinforcement

In behavioral psychology, a consequence applied to increase the likelihood of a behavior being repeated in the future.

Learning Behavior

The process through which individuals acquire new information or skills through experience, instruction, or study.