di Final Exam Part I (Form A) EmpliD: Problem # 4 (12 points) The following scat

Question

di Final Exam Part I (Form A) EmpliD: Problem # 4 (12 points) The following scatter plot illustrates the association between College Attainmeed for the 50 25+ year olds with a BA or higher degree) and Median Hourly Wage (in S) meas States in 2013. (Available at: www.bls.gov/oes/current/oessrcst.htm) 0.00 College Attainment, in % of 25+ year olds with BA or higher a. What does each dot in this scatter plot represent? 2 points) In this model, the explanatory variable is and the response variable is (2 points) rcle a reasonable estimate for the value of the correlation coefficient r in this model. 1) 0.135 eason(s) for your choice. II)-0.655 ) 1.35 IV) 0.702 (3 points

Explanation / Answer

a) the points in the scatter plot represents combination of x and y coordintes that is wage and college attainment values.

b) dependent varaible is median wage and

Independent variable is college attainment

C) r = 0.702

Since there exists a strong positive correlation between x and y

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