A Professor of Economics Wants to Study the Relationship Between

question 23

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. $$\begin{array} { | l | c | c | c | c | c | c | c | c | } \hline \text { Education } & 16 & 11 & 15 & 8 & 12 & 10 & 13 & 14 \\\hline \text { Income } & 58 & 40 & 55 & 35 & 43 & 41 & 52 & 49 \\\hline\end{array}$$ Predict with 95% confidence the average income of all individuals with 10 years of education.

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Definitions:

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Persistent fear of a specific object or situation.

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Thin, hollow tubes used for injections or withdrawals of fluids from the body, often attached to syringes.

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