The following are data on the ages and incomes of a random sample of 5 executives working for XYZ corporation and their academic achievement while in college.y= Income( in thousand pesos) Academic Achievement X, 1.5 2.0 Age X, Y 81.7 38 73.3 30 89.5 46 1.75 79.0 40 1.75 69.9 32 2.50 a. Fit an equation of the form y=b, + b,x +b,x, to the equation of the given data.| b. Use the equation obtained in (a) to estimate the average income of a 35-year old executive with 1.25 academic achievement.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
The following are data on the ages and incomes of a random sample of 5 executives
working for XYZ corporation and their academic achievement while in college.y=
Income( in
thousand pesos)
Academic
Achievement
X,
1.5
2.0
Age
X,
Y
81.7
38
73.3
30
89.5
46
1.75
79.0
40
1.75
69.9
32
2.50
a. Fit an equation of the form y=b, + b,x +b,x, to the equation of the given data.|
b. Use the equation obtained in (a) to estimate the average income of a 35-year
old executive with 1.25 academic achievement.
Transcribed Image Text:The following are data on the ages and incomes of a random sample of 5 executives working for XYZ corporation and their academic achievement while in college.y= Income( in thousand pesos) Academic Achievement X, 1.5 2.0 Age X, Y 81.7 38 73.3 30 89.5 46 1.75 79.0 40 1.75 69.9 32 2.50 a. Fit an equation of the form y=b, + b,x +b,x, to the equation of the given data.| b. Use the equation obtained in (a) to estimate the average income of a 35-year old executive with 1.25 academic achievement.
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman