We wish to determine the relationship between the years of education and the income of the economically active population in a metropolitan area. In a random sample of 10 people we have the following data Ex=115: x² = 1583; y = 129295; ² 2012627525 xy = 1741560 a) Obtain the linear regression line y = a + bx b) If a person has an income of 10,000 pesos, how many years of education do they have?
We wish to determine the relationship between the years of education and the income of the economically active population in a metropolitan area. In a random sample of 10 people we have the following data Ex=115: x² = 1583; y = 129295; ² 2012627525 xy = 1741560 a) Obtain the linear regression line y = a + bx b) If a person has an income of 10,000 pesos, how many years of education do they have?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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
Transcribed Image Text:We wish to determine the relationship between the years of education and the
income of the economically active population in a metropolitan area. In a random
sample of 10 people we have the following data
[x =115; [x² = 1583; [y=129295; [y²
y² = 2012627525
xy = 1741560
a) Obtain the linear regression line y = a + bx
b) If a person has an income of 10,000 pesos, how many years of education do they have?
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