A high school graduate makes a base salary of $100,000. The average time to comp
ID: 2654097 • Letter: A
Question
A high school graduate makes a base salary of $100,000. The average time to complete college is 4 years. Write the regression equation for the relationship between salary (Y) and years of college education (X) assuming that salary is insensitive to (unaffected by) years of college education. A high school graduate makes a base salary of $100,000. The average time to complete college is 4 years. Write the regression equation for the relationship between salary (Y) and years of college education (X) assuming that salary is insensitive to (unaffected by) years of college education. A high school graduate makes a base salary of $100,000. The average time to complete college is 4 years. Write the regression equation for the relationship between salary (Y) and years of college education (X) assuming that salary is insensitive to (unaffected by) years of college education.Explanation / Answer
Answer:
Y = $100,000+ 0X
Salary = $100,000 + Unaffected by no. of years of education
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