# Question: Now more than ever a degree matters according to an

“Now more than ever, a degree matters,” according to an upstate New York college advertisement in the May 31, 2009, Democrat and Chronicle.The following statistics from the U.S. Bureau of Labor Statistics were presented on median usual weekly earnings.

a. Construct a scatter diagram with the years of schooling as the independent variable, x, and the median usual weekly earnings as the dependent variable, y.

b. Does there seem to be a linear relationship? Why?

c. Calculate the linear correlation coefficient.

d. Does the value of r seem reasonable compared with the pattern demonstrated in the scatter diagram? Explain.

e. Find the equation of the line of best fit.

f. Interpret the slope of the equation.

g. Plot the line of best fit on the scatter diagram. h. What is the y-intercept for the equation? Interpret its meaning in this application.

a. Construct a scatter diagram with the years of schooling as the independent variable, x, and the median usual weekly earnings as the dependent variable, y.

b. Does there seem to be a linear relationship? Why?

c. Calculate the linear correlation coefficient.

d. Does the value of r seem reasonable compared with the pattern demonstrated in the scatter diagram? Explain.

e. Find the equation of the line of best fit.

f. Interpret the slope of the equation.

g. Plot the line of best fit on the scatter diagram. h. What is the y-intercept for the equation? Interpret its meaning in this application.

**View Solution:**## Answer to relevant Questions

The U.S. per capita consumption of bottled water has grown continuously since 1997, by more than 1 gallon annually. a. Inspect the data in the chart below and explain how the data show growth of more than 1 gallon ...The given rule of thumb is that pets age seven times faster than people. The most common pets are dogs and cats. a. Consider the data below on cat ages versus human ages. Is there a relationship between cat ages and human ...Part of quality control is keeping track of what is occurring. The following contingency table shows the number of rejected castings last month categorized by their cause and the work shift during which they occurred. a. ...Start with the point (5, 5) and add at least four ordered pairs, (x, y), to make a set of ordered pairs that display the following properties. Show that your sample satisfies the requirements. a. The correlation of x and y ...He is the last guy you want to see in your rearview mirror when you are speeding down the highway, but research shows that a traffic ticket reduces a driver’s chance of being involved in a fatal accident, at least for a ...Post your question