A social scientist would like to analyze the relationship between educational attainments (years in higher ed)...

80.2K

Verified Solution

Question

Statistics

A social scientist would like to analyze the relationshipbetween educational attainments (years in higher ed) and annualsalary (in $1,000s). He collects the data above.
Salary Education
40 3
53 4
80 6
41 2
70 5
54 4
110 8
38 0
42 3
55 4
85 6
42 2
70 5
60 4
140 8
40 0
76 5
65 4
125 8
38 0
a What is the equation for predicting salary based on educationalattainment?
b What is thecoefficient for education?
c what is thepredicted salary for someone with 4 years of higher ed?

Answer & Explanation Solved by verified expert

4.3 Ratings (743 Votes)

Ysalary Xeducation use R studio use lm function to fit linear model of salary on experience summary function to get the summary of thr model output Rcode df1 readtableheader TRUE text Salary Education 40 3 53 4 80 6 41 2 70 5 54 4 See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Salary	Education
40	3
53	4
80	6
41	2
70	5
54	4
110	8
38	0
42	3
55	4
85	6
42	2
70	5
60	4
140	8
40	0
76	5
65	4
125	8
38	0

a	What is the equation for predicting salary based on educationalattainment?

b	What is thecoefficient for education?

c	what is thepredicted salary for someone with 4 years of higher ed?