SOLUTION: I am completley lost on this question. Thanks in advance for your help:
The following sample data contains the number of years of college and the current annual salary for
Algebra ->
Customizable Word Problem Solvers
-> Misc
-> SOLUTION: I am completley lost on this question. Thanks in advance for your help:
The following sample data contains the number of years of college and the current annual salary for
Log On
Question 868080: I am completley lost on this question. Thanks in advance for your help:
The following sample data contains the number of years of college and the current annual salary for a random sample of heavy-equipment salespeople. Annual income is in thousands of dollars.
Years of College Income in 1,000’s
One 15
Four 20
Two 18
Two 19
Four 23
Four 21
Six 32
None 10
Five 18
Two 14
Using the method of least squares, what is the estimated regression line between Years of College and Annual Income, and the predicted Annual Income , with 1 year of College.
a. Income=11.0131-2.6563 Years: Income=$11,031.03
b. Income=-2.1433+.2707 Years: Income=$24,140.00
c. Income=11.0313+2.6563 Years: Income=$13,687
d. Income=2.6563 + 11.0313 Years: Income=$13,687
e. None of the Above
