Hello everyone, I am having major trouble with this homework.
We are given: wage^=10.6+1.2*school years. We are also given the R^2, SER, Sample average Y, Sxy.
(wage hat)
1)My trouble starts where we are given the sample average Y, and told to find sample average of X. I have no idea how to start.
2)The second troubling question gives us the Sample covariance and asks us to find the sample standard deviation of years of school.
I feel like we are not given enough information to figure this out but I also think it has to be enough or else this would be impossible and the professor would not have given these problems. I would really appreciate any help I can get, thank you!
Edit: sample size is 1,002
We are given: wage^=10.6+1.2*school years. We are also given the R^2, SER, Sample average Y, Sxy.
(wage hat)
1)My trouble starts where we are given the sample average Y, and told to find sample average of X. I have no idea how to start.
2)The second troubling question gives us the Sample covariance and asks us to find the sample standard deviation of years of school.
I feel like we are not given enough information to figure this out but I also think it has to be enough or else this would be impossible and the professor would not have given these problems. I would really appreciate any help I can get, thank you!
Edit: sample size is 1,002
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