Game Show Winnings & Education
an Ardent Fan of Television

question 66

Essay

Game Show Winnings & Education
An ardent fan of television game shows has observed that,in general,the more educated the contestant,the less money he or she wins.To test her belief she gathers data about the last eight winners of her favorite game show.She records their winnings in dollars and the number of years of education.The results are as follows.
$$\begin{array} { | c | c | c | } \hline \text { Contestant } & \text { Years of Education } & \text { Winnings } \\\hline 1 & 11 & 750 \\2 & 15 & 400 \\3 & 12 & 600 \\4 & 16 & 350 \\5 & 11 & 800 \\0 & 16 & 300 \\7 & 13 & 650 \\8 & 14 & 400 \\\hline\end{array}$$
-{Game Show Winnings & Education Narrative} Do the tests $\rho$ and $\beta$ ₁ in the previous two questions provide the same results? Explain.

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Definitions:

Profit

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Payment

The act of transferring money or its equivalent in return for goods, services, or fulfilling an obligation.

Land Resources

Natural resources encompassing geographical territories and the natural materials available within them, such as water, minerals, and fertile land used for agriculture.

Money

Anything that is generally accepted in exchange for goods and services.