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4 points Save Answer QUESTION 5 Suppose a researcher collected data on the salaries of college/university business school graduates according to their major and years of experience. The data is depicted in the scatterplot below, with years of experience in the horizontal axis, the logarithm of monthly wages in the vertical axis, and the majors (three different) distinguished by the marker symbols. A regression line fitted to the overall sample (i.e., without distinguishing between majors) is also depicted according to the following estimates: log(wage) = 6.651 + 0.033 experience n =292, R2 = 0.069 8.0 7.5 ID DD XXX XXIDX DDD 7.0 X XXOE XXX X XXXX OOXXX DD D OOx x XX Monthly Wage (log) 6.5 8 ODOD 6.0 5.5 O 5.0 2 6 8 10 12 14 16 18 Years of Experience Describe the overall relationship between wages and years of experience as depicted in the scatter plot and the regression estimates. TTTT Paragraph Arial 3 (12pt) - LU . fx Mashups - 1404 3 83 23 83 83 83 81 8 0 GS Words:0 Path: p 2 points Save Answer QUESTION 6 Using the information from Question 5, answer: Suppose the researcher found that graduates from an Economics major had, on average, the highest salaries among all graduates in the sample . In this context which of the markers in the scatter plot (triangles / x-crosses / circles) are more likely to represent graduates from an Economics major? Explain briefly. TT TT Paragraph ~ Arial 3 (12pt) & D D Q 3 5 T T O 2 1 1 - - -5. fx Mashups . "+8MGS