The following are data on the ages and incornes of a random sample of 5 executives working for XYZ corporation and their academic achievement while in college = Income (in thousand pesos) Y 81.7 73.3 Academic Age X1 Achievement X2 1.5 2.0 1.75 1.75 38 89.5 79.0 69.9 30 46 40 32 2.50 a Fit an equation of the form y=bo + bix +b2x2 to the equation of the given data. b. Use the equation obtained in (a) to estimate the average income of a 35-year old exécutive with 1.25 academic achievement.

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HW-Week 5- Multiple Regression Analysis
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 colleae
Income (in
thousand pesos)
Y
Age
X1
Academic
Achievement
X2
81.7
73.3
1.5
2.0
38
30
46
40
89.5
79.0
69.9
1.75
1.75
2.50
32
a. Fit an equation of the form y=Dbo + bix +b2x2 to the equation of the given data
b. Use the equation obtained in (a) to estimate the average income of a 35-year
old exécutive with 1.25 academic achievement.
Transcribed Image Text:HW-Week 5- Multiple Regression Analysis 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 colleae Income (in thousand pesos) Y Age X1 Academic Achievement X2 81.7 73.3 1.5 2.0 38 30 46 40 89.5 79.0 69.9 1.75 1.75 2.50 32 a. Fit an equation of the form y=Dbo + bix +b2x2 to the equation of the given data b. Use the equation obtained in (a) to estimate the average income of a 35-year old exécutive with 1.25 academic achievement.
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