Question

A social scientist would like to analyze the relationship between educational attainment and salary. He collects...

A social scientist would like to analyze the relationship between educational attainment and salary. He collects the following sample data, where Education refers to years of higher education and Salary is the individual’s annual salary (in $1,000s):

Education 3 4 6 2 5 4 8 0

Salary 40 53 80 42 70 50 110 38

Data is in the spreadsheet.

Use the Regression tool in Data Analysis to find the sample regression equation for the model: Salary = β0 + β1Education + ε.

What is the coefficient for β0? ______________ thousand. (Enter your answers in thousands rounded to 2 decimal places. The data is ALREADY in thousands. If you got 34.8763 for your answer, you would round that number to 34.88. The teacher's salary would be 34,880. This question is asking you to enter 34.88 )

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
A social scientist would like to analyze the relationship between educational attainment and salary. He collects...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT