Predict the Monthly income

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Question 1 - 3 refer to following variables: 

  • Dependent variable: Monthly Income
  • Independent variable: Year of Education

Predict the Monthly income for 16 years of education (Round off to two decimal places if necessary).

Table 1. Data from random sampling
Monthly Income
($1,000)
$1.8
Туре of
Punishment
Marital Status
Year of Education
Sentence months
2
2
12
$2.3
7
1
16
$2.5
1
10
2
18
$2.3
1
1
22
$3.8
2
14
1
$1.9
1
11
1
15
$3.2
2
14
2
$2.1
3
12
1
$1.9
2
7
1
15
$2.1
2
10
3
$2.1
3
12
10
$2.0
1
8
2
14
$2.6
2
2
13
$2.6
1
1
$2.0
1
7
2
11
$2.6
1
12
3
7
$1.9
2
1
11
$2.5
3
7
2
7
$2.1
1
9
1
11
$2.6
2
7
15
$2.3
1
10
1
3
$2.3
3
10
7
$2.5
1
8
1
$2.4
1
16
$2.7
1
1
16
$2.5
3
10
2
13
$1.9
3
10
3
4
$1.8
1
8
2
16
$2.6
2
11
1
6
$2.1
2
10
2
17
Type of Punishment
1
Probation/community service
2
Jail incarceration
3
Prison incarceration
Marital Status
1
Married
Single
Other
2
3
Transcribed Image Text:Table 1. Data from random sampling Monthly Income ($1,000) $1.8 Туре of Punishment Marital Status Year of Education Sentence months 2 2 12 $2.3 7 1 16 $2.5 1 10 2 18 $2.3 1 1 22 $3.8 2 14 1 $1.9 1 11 1 15 $3.2 2 14 2 $2.1 3 12 1 $1.9 2 7 1 15 $2.1 2 10 3 $2.1 3 12 10 $2.0 1 8 2 14 $2.6 2 2 13 $2.6 1 1 $2.0 1 7 2 11 $2.6 1 12 3 7 $1.9 2 1 11 $2.5 3 7 2 7 $2.1 1 9 1 11 $2.6 2 7 15 $2.3 1 10 1 3 $2.3 3 10 7 $2.5 1 8 1 $2.4 1 16 $2.7 1 1 16 $2.5 3 10 2 13 $1.9 3 10 3 4 $1.8 1 8 2 16 $2.6 2 11 1 6 $2.1 2 10 2 17 Type of Punishment 1 Probation/community service 2 Jail incarceration 3 Prison incarceration Marital Status 1 Married Single Other 2 3
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