2) Can i get help with this question A researcher has designed the relationship between the salaries of selected employees of an organization (shown as "EARN" in $/hour) and their years ofeducation (shown as "YRSEDUC", in years) as hereunder. A total number of (1) employees were selected for this study:EARN) = B(0) + B1) YRSEDUC(1) + UmMoreover, by applying this model on a database, the researcher found that the GRETL result shows the slope coefficient of the regression line as B1) = 0.39(assume 5% level of significance)Using the above findings, answer the following questions:A-Comment about the possible relationship between the two variables.B-How do you interpret the slope coefficient of 0.39?

Answered: Image /qna-images/answer/ed61a993-550a-4bd3-ad31-11f97e626918.jpg

Answered: A-Comment about the possible…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 24EQ: Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry...

See similar textbooks

Similar questions

2. Suppose that in Example 2.27, 400 units of food A, 500 units of B, and 600 units of C are placed in the test tube each day and the data on daily food consumption by the bacteria (in units per day) are as shown in Table 2.7. How many bacteria of each strain can coexist in the test tube and consume all of the food? Table 2.7 Bacteria Strain I Bacteria Strain II Bacteria Strain III Food A 1 2 0 Food B 2 1 3 Food C 1 1 1
Explain the differences between Gaussian elimination and Gauss-Jordan elimination.
Use the graph of the function of degree 5 in Figure 10 to identify the zeros of the function and their multiplicities.
A polynomial of degree n I has exactly ____________________zero if a zero of multiplicity m is counted m times.
Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry requires $0.30 of coal and $0.70 of steel. Every $1 produced by steel requires $0.80 of coal and $0.20 of steel. Find the annual production (output) of coal and steel if the total annual production is $20 million.
It is known that in any given year, • 90% of the people in a city move to the suburbs; • 80% of the people in the suburbs do not move to the city. Given an initial city population of 55,000 and an initial suburb population of 77,000, what are the long-term population levels of the city and the suburb?
what is the reference book for this linear regression calculus?
Suppose the number of seconds required to accelerate to 60 mph depends on both a car’s weight, its horsepower, and an interaction term between the two variables. Describe why an interaction term could be appropriate for the variables in this model and construct three linear relationships between acceleration time and weight, each for a different assumed value of horsepower.
In the production process of a company, 4 units of a certain input are used daily. It happens that the different formulations of this input can affect the yield of the process as well as the level of environmental pollution. On a given day the company has 40 units of this input in stock and they can be classified according to the table below:
A herbal tea producer company has 24 different products in the market, each are produced in one of the 3 factories owned by the company. The weights of the products in monthly sales may vary depending on time of the year (demands of certain products shift to others in each of the 4 seasons), age of the products and market conditions, but yearly aggregate demand has a very strong correlation with the price of the product (Here, we ignore any other factor and assume that the yearly aggregate demand is directly and linearly effected by the price). The company found out that when the price for a packet of 20 herbal tea bags is 10 TL, yearly demand is 337500 packets. When the price increases to 11 TL, demand decreases to 337125 packets. On the cost side, the company has 1200000 TL of yearly administrative costs regardless of the price or the number of units sold, including the rents, depreciation of the buildings and other related assets and salaries of 58 workers (average monthly salary…
A certain company produces fidget spinners with ball bearings made of either plastic or metal. Under standard testing conditions, fidget spinners from this company with plastic bearings spin for an average of 2.7 minutes, while those from this company with metal bearings spin for an average of 4.2 minutes. A random sample of three fidget spinners with plastic bearings is selected from company stock, and each is spun one time under the same standard conditions; let x¯1x¯1 represent the average spinning time for these three spinners. A random sample of seven fidget spinners with metal bearings is selected from company stock, and each is likewise spun one time under standard conditions; let x¯2x¯2 represent the average spinning time for these seven spinners. What is the mean μ(x¯1−x¯2)μ(x¯1−x¯2) of the sampling distribution of the difference in sample means x¯1−x¯2x¯1−x¯2 ? 3(2.7)−7(4.2)=−21.33(2.7)−7(4.2)=−21.3 A 3−7=−43−7=−4 B 2.7−4.2=−1.52.7−4.2=−1.5 C…

Recommended textbooks for you

Linear Algebra: A Modern Introduction

Algebra

ISBN:

9781285463247

Author:

David Poole

Publisher:

Cengage Learning

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

College Algebra (MindTap Course List)

Algebra

ISBN:

9781305652231

Author:

R. David Gustafson, Jeff Hughes

Publisher:

Cengage Learning

Linear Algebra: A Modern Introduction

Algebra

ISBN:

9781285463247

Author:

David Poole

Publisher:

Cengage Learning

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

College Algebra (MindTap Course List)

Algebra

ISBN:

9781305652231

Author:

R. David Gustafson, Jeff Hughes

Publisher:

Cengage Learning

College Algebra

Algebra

ISBN:

9781305115545

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

Algebra & Trigonometry with Analytic Geometry

Algebra

ISBN:

9781133382119

Author:

Swokowski

Publisher:

Cengage

SEE MORE TEXTBOOKS

A-Comment about the possible relationship between the two variables. B-How do you interpret the slope coefficient of 0.39?