Income and Education a Professor of Economics Wants to Study

question 185

Essay

Income and Education A professor of economics wants to study the relationship between income ( y in $1000s)and education ( x in years). A random sample eight individuals is taken and the results are shown below. {Income and Education Narrative} Draw a scatter diagram of the data. Comment on whether it appears that a linear model might be appropriate.

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Definitions:

External

refers to something situated on the outside, or beyond the internal or personal; in psychology, it often pertains to factors or influences that originate outside the individual.

Attitudes

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.

Intention

A mental state involving commitment to carrying out an action or actions in the future.

Social Loafing

The occurrence in which people put in less effort towards reaching a goal when part of a group than they do when working individually.