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The Following Data Shows the Yearly Income (In $1,000) and Age

Question 39

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The following data shows the yearly income (in $1,000) and age of a sample of seven individuals.
The following data shows the yearly income (in $1,000) and age of a sample of seven individuals. a.Develop the least squares regression equation. b.Estimate the yearly income of a 30-year-old individual. c.Compute the coefficient of determination. d.Use a t test to determine whether the slope is significantly different from zero. Let \alpha = 0.05. e.At 95% confidence, perform an F test and determine whether or not the model is significant.
a.Develop the least squares regression equation.
b.Estimate the yearly income of a 30-year-old individual.
c.Compute the coefficient of determination.
d.Use a t test to determine whether the slope is significantly different from zero. Let α\alpha = 0.05.
e.At 95% confidence, perform an F test and determine whether or not the model is significant.

Correct Answer:

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a.blured image= 16.204 + 0.3848X
b.$27,748
c.0.2266
...

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