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Income and Education Narrative

Question 57

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Income and Education Narrative
A professor of economics wants to study the relationship between income (y in $1,000s) and education (x in years). A random sample eight individuals is taken and the results are shown below. Income and Education Narrative A professor of economics wants to study the relationship between income (y in $1,000s) and education (x in years). A random sample eight individuals is taken and the results are shown below. -Refer to Income and Education Narrative. Conduct a test of the population slope to determine at the 5% significance level whether a linear relationship exists between years of education and income.
-Refer to Income and Education Narrative. Conduct a test of the population slope to determine at the 5% significance level whether a linear relationship exists between years of education and income.

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