Question

This regression analysis examines the relationship between the number of years of formal education a person has and their annual income. According to this model, about how much more money do people who finish a 4-year college program earn each year, on average, than those with only a 2-year degree?Dependent variable is Income Variable Coefficient SE Coefficient Constant 3984.45 6600 Education 2668.45 600.1

Answer 1

$5336.90

Explanation:

First step is to filter through what is given And to deduce the important information....

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