A magazine surveyed graduates, asking about their point of view of the colleges they had attended. One good predictor of early career earnings ($/year) turned out to be the average SAT score of entering students. Here are the regression model and associated plots. Discuss the assumptions and conditions necessary for proceeding with the regression analysis. Do you think the conditions are satisfied? What conditions and assumptions must be satisfied? Select all that apply. A.Extrapolation Assumption B.Uniform Mean Assumption C.Independence Assumption D.Normal Population Assumption E.Linearity Assumption F.Reasonable Outliers Assumption G.Equal Variance Assumption Response variable is: EarnR squared = 30.7%s = 5646 with 706 - 2= 704 degrees of freedomVariableInterceptSATResidualsNumber of Colleges20000-10000--10000-120+-20000+35000 40000 45000 50000 55000 60000100+80-60+0-40-20-Coefficient SE(Coeff) t-ratioP-value14124.917827.93<0.000127.74491.53618.06 <0.00010+-20000-10000Predicted0Residuals1000020000

Introduction A simple linear regression shows a relationship b/w 1 independent variable (X) and 1…

Answered: A magazine surveyed graduates, asking…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

A magazine surveyed graduates, asking about their point of view of the colleges they had attended. One good predictor of early career earnings ($/year) turned out to be the average SAT score of entering students. Here are the regression model and associated plots. Discuss the assumptions and conditions necessary for proceeding with the regression analysis. Do you think the conditions are satisfied?

What conditions and assumptions must be satisfied? Select all that apply.

Extrapolation Assumption

Uniform Mean Assumption

Independence Assumption

Normal Population Assumption

Linearity Assumption

Reasonable Outliers Assumption

Equal Variance Assumption