Homework Assignment Chapter 14 @ Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not ind 6 A social scientist would like to analyze the relationship between educational attainment (in years of higher education) and annual salary (in $1,000s). He collects data on 20 individuals. A portion of the data is as follows: Salary Education 6.25 34 points 52 25 Click here for the Excel Data File a. Find the sample regression equation for the model: Salary = 6 + 6, Education + s. (Round answers to 2 decimal places.) Salary = 25000 + 6530 @ Education b. Interpret the coefficient for Education. As Education increases by 1 year, an individual's annual salary is predicted to increase by $6,530. ( As Education increases by 1 year, an individual's annual salary is predicted to decrease by $6,530. 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 $8,590. c. What is the predicted salary for an individual who completed 7 years of higher education? (Round coefficient estimates to at least 4 decimal places and final answer to the nearest whole number.) Mc Graw Hill arch the web and Windows e a O x