Income by Years of education
predicted income of a person with 0 years of education. So the line that minimizes the summed squared errors and, therefore, "fits" our data the best is described by the equation: Y = 1.86 + 1.58 X + e Income by Years of education Years of Education 0 7 14 21 Income in $1,000's 40 30 20 10 0 ................
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