Strong positive relationship between age and earnings

Assignment Help Basic Statistics

Reference no: EM131816703

A survey was taken of students at a large university in the fall of 2003; among other things, students were asked to report their age and how much money they had earned the year before.

a. Use software to access the student survey data. Decide which variable should be explanatory, and produce a scatterplot.

b. Tell if either of the variables appears to have outliers, and if so, whether the outliers are high or low.

c. Find the correlation r.

d. Explain why it makes sense for there to be a moderately strong positive relationship between age and earnings.

Reference no: EM131816703

Questions Cloud

Review problem on opportunity cost : Opportunity Cost Marnie McKay, MD, is a psychiatrist who is in heavy demand. Even though she has raised her fees considerably during the past 5 years.

Produce a scatterplot of weights versus television times : a. Use software to access the student survey data and produce a scatterplot of weights versus television times.

Prepare journal entries to record the payment of interest : Prepare the journal entries to record the following events. The payment of interest and the discount amortization on December 31, 2010

What does she mean by vicious compliance : What does she mean by "vicious" compliance? Give an example of an experience you've had that exemplifies such compliance.

Strong positive relationship between age and earnings : Explain why it makes sense for there to be a moderately strong positive relationship between age and earnings.

Prepare total compensation plan for an imaginary competitor : Prepare a 100 word total compensation plan for an imaginary competitor of Starbucks addressing how your plan will be communicated to leadership and employees.

What is the opportunity cost of the rooms : Suppose the Marriott manager signs the contract. What is the opportunity cost of the 50 rooms on October 20, the night of a big convention of retailers.

Prepare journal entries to record the accrual of interest : Prepare the journal entries to record the following events. The accrual of interest and the premium amortization on December 31, 2010

Why an organization might choose to change its processes : Explain in your own words why an organization might choose to change its processes to fit the standard blueprint. What advantages accrue by doing so?

User Account

All Pages