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A social scientist would like to analyze the relationship between educational attainment (in years of higher education) and annual salary in $1.000s). He collects data on 20 individuals. A portion of the data is as follows. Salary Education 40 Click here for the Excel Data File o. Find the sample regression equation for the model: Salary do + 0, Education (Round your answers to 2 decimal places.) Predicted Salary 40.00 + 3.00 Education

b. Interpret the coefficient for Education o As Education increases by 1 year, an individual's annual salary is predicted to increase by $10,850 o As Education increases by 1 year, an individual's annual salary is predicted to decrease by $8,590. o As Education increases by 1 year, an individual's annual salary is predicted to increase by $8,590 O As Education increases by 1 year, an individual's annual salary is predicted to decrease by 510,850. c. What is the predicted salary (in $1,000s) for an individual who completed 7 years of higher education? (Do not round intermediate calculations. Round your final answer to nearest whole number.) Salary (in 51.000s)

Education Salary 40 3 53 4 80 6 42 2. 70 5 50 4 110 8 38 0 42 3 55 4 85 6 40 сло 2 70 5 60 4. 140 40 0 75 осо асл с со 5 65 4 125 38