Given the following data and Excel output, what is the English meaning of the numbers? Years of
Question: Given the following data and Excel output, what is the English meaning of the numbers?
| Years of Education | Annual Income (000's) | ||
| 6 | 10 | ||
| 7 | 13 | ||
| 8 | 15 | ||
| 7 | 14 | ||
| 9 | 16 | ||
| 12 | 21 | ||
| 11 | 22 | ||
| 14 | 20 | ||
| 16 | 19 | ||
| 20 | 45 | ||
| 13 | 35 | ||
| 15 | 36 | ||
| Regression Statistics | |||
| Multiple R | 0.837129 | ||
| R Square | 0.700785 | ||
| Adjusted R Square | 0.670863 | ||
| Standard Error | 6.192691 | ||
| Observations | 12 | ||
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Deliverables: Word Document
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