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Statistics Assignment

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krishnamurtypandey
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7 views4 pages

Statistics Assignment

Uploaded by

krishnamurtypandey
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Statistics assignment

set.seed(42)

n_samples <- 100


education_years <- rnorm(n_samples, mean = 16, sd = 3)

income <- 20000 + 5000 * education_years + rnorm(n_samples, mean = 0, sd


= 10000)

data <- data.frame(


education_years = education_years,
income = income

)
model <- lm(income ~ education_years, data = data)

summary(model)

plot(data$education_years, data$income,
xlab = "Years of Education",
ylab = "Income ($)",
main = "Income vs. Education Years",

pch = 19,
col = "blue",

alpha = 0.5)
abline(model, col = "red", lwd = 2)
Residuals:
Min 1Q Median 3Q Max
-18884.2 -5066.4 122.5 5410.6 28624.0

Coefficients:
Estimate Std. Error t value
Pr(>|t|)
(Intercept) 17667.8 4790.9 3.688
0.000371 ***
education_years 5090.5 292.2 17.420 <
2e-16 ***
---
Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05
‘.’ 0.1 ‘ ’ 1

Residual standard error: 9083 on 98 degrees of


freedom
Multiple R-squared: 0.7559, Adjusted R-
squared: 0.7534
F-statistic: 303.5 on 1 and 98 DF, p-value: <
2.2e-16

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