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Finally, the researcher considers using regression analysis to establish a linear relationship between the two variables –...

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Statistics

Finally, the researcher considersusing regression analysis to establish a linear relationshipbetween the two variables – hours worked per week andincome earned per year.

c) Estimate a simple linear regression model and present theestimated linear equation. Display the regression summary table andinterpret the intercept and slope coefficient estimates of thelinear model.                                                          

Yearly Income ('000's)Hours Per Week
43.818
44.513
44.818
46.025.5
41.411.6
43.318
43.616
46.227
46.827.5
48.230.5
49.324.5
53.832.5
53.925
54.223.5
50.530.5
51.227.5
51.528
52.626
52.825.5
52.926.5
49.533
49.815
50.327.5
54.336
55.127
55.334.5
61.739
62.337
63.431.5
63.737
55.524.5
55.628
55.719
58.238.5
58.337.5
58.418.5
59.232
59.335
59.436
60.539
56.724.5
57.826
63.838
64.244.2
55.834.5
56.234.5
64.340
64.541.5
64.734.5
66.142.3
72.334.5
73.228
74.238
68.531.5
69.736
71.237.5
66.322
66.533.5
66.737
74.643.5
62.020
57.335
55.324

Answer & Explanation Solved by verified expert
4.5 Ratings (944 Votes)
SUMMARY OUTPUTRegression StatisticsMultiple R06715RSquare04509Adjusted R Square04419Standard    See Answer
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