Income and Education A Professor of Economics Wants to Study the Relationship Between

question 168

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} Estimate the income of an individual with 15 years of education.

---

Definitions:

Cross-Sectional

A type of observational study that analyzes data from a population at a specific point in time.

Tabula Rasa

The theory that the human mind is at birth a "blank slate" without rules for processing data, and that data is added and rules for processing are formed solely by one's sensory experiences.

Innately Good

The philosophical or psychological belief that humans are born with an instinctive inclination towards moral goodness and behavioral decency.

Innately Evil

A philosophical view that humans are born with a natural inclination towards wrongdoing or malevolence.