Question 1 - 3 refer to following variables: Dependent variable: Monthly IncomeIndependent variable: Year of EducationPredict the Monthly income for 16 years of education (Round off to two decimal places if necessary). Table 1. Data from random samplingMonthly Income($1,000)$1.8Туре ofPunishmentMarital StatusYear of EducationSentence months2212$2.37116$2.5110218$2.31122$3.82141$1.9111115$3.22142$2.13121$1.927115$2.12103$2.131210$2.018214$2.62213$2.611$2.017211$2.611237$1.92111$2.53727$2.119111$2.62715$2.311013$2.33107$2.5181$2.4116$2.71116$2.5310213$1.931034$1.818216$2.621116$2.1210217Type of Punishment1Probation/community service2Jail incarceration3Prison incarcerationMarital Status1MarriedSingleOther23

Answered: Predict the Monthly income

Math

Statistics

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

Problem 1P

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Question

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

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