Is a persons age related to his or her net worth? A sample of 10 billionaires is

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Is a person€™s age related to his or her net worth? A sample of 10 billionaires is selected, and the person€™s age and net worth are compared. The data are given here.

Do a complete regression analysis and test the significance of r at Î± = 0.05, using the P-value method.

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Elementary Statistics A Step By Step Approach

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Authors: Allan Bluman

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Question Posted: Sep 02, 2015 04:17 AM

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Is a persons age related to his or her net worth? A sample of 10 billionaires is

Question:

56 39 42 60 84 37 68 66 73 55 Age Net worth (billion S)y 18 14 12 14 10 10 7 7 5

Step by Step Answer:

x 580 y 108 x 2 35780 y 2 1304 xy 6120 n 10 r n xy x y n x 2 x 2 n y 2 y 2 r 10 6120 580 108 10 ...View the full answer

Elementary Statistics A Step By Step Approach

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