Question: 11a. Using the table at the right, find a Hourly Earnings of U.S. Production Workers linear regression equation for the average The average hourly earnings


11a. Using the table at the right, find a Hourly Earnings of U.S. Production Workers linear regression equation for the average The average hourly earnings of U.S. production workers for 1990-2007 are shown in Table 1.13. hourly earnings during the years 1990 - 2007. (Round the coefficients to the nearest 0.001) Table 1.13 Average Hourly Earnings Year Average Hourly Earnings ($) 1990 10.20 1991 10.52 1992 10.77 1993 11.05 1994 11.34 1995 11.65 11b. Use your regression equation to predict 1996 12.04 1997 the hourly earnings for the year 2025. 12.51 1998 13.01 1999 13.49 2000 14.02 2001 14.54 2002 14.97 2003 15.37 2004 15.69 2005 16.13 2006 16.76 2007 17.42
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
