A Professor of Economics Wants to Study the Relationship Between

question 168

Short Answer

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. $$\begin{array} { | l | c | c | c | c | c | c | c | c | } \hline \text { Education } & 16 & 11 & 15 & 8 & 12 & 10 & 13 & 14 \\\hline \text { Income } & 58 & 40 & 55 & 35 & 43 & 41 & 52 & 49 \\\hline\end{array}$$ Identify possible outliers.

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Definitions:

Role

A set of expected behaviors, rights, obligations, and norms associated with a social position or status.

Status

A term referring to the relative social, professional, or other standing of someone or something.

Superego

In psychoanalytic theory, the part of the personality that acts as a moral center, imposing ethical standards and social conformity.

Unconscious

The part of the mind that contains thoughts, memories, and desires not within current conscious awareness.