Question: A social scientist would like to analyze the relationship between educational attainment (in years of higher education) and annual salary (in $1000s). He collects data
A social scientist would like to analyze the relationship between educational attainment (in years of higher education) and annual salary (in $1000s). He collects data on 20 individuals. A portion of the data is as follows:Salary Education 33, 471, 284, 350, 365, 178, 3112, 554, 028, 329, 3101, 438, 772, 965, 6160, 1257, 087, 256, 1127, 535, 0

. Find the sample regression equation for the model: Salary = Bo + B1Education + &. (Round answers to 3 decimal places.) Salary Education . Interpret the coefficient for Education. As Education increases by 1 year, an individual's annual salary is predicted to increase by $8,590. As Education increases by 1 year, an individual's annual salary is predicted to decrease by $5,991. As Education increases by 1 year, an individual's annual salary is predicted to increase by $5,991. As Education increases by 1 year, an individual's annual salary is predicted to decrease by $8,590. c. What is the predicted salary for an individual who completed 6 years of higher education? (Round answer to the nearest number.) Salary
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