Question

In this exercise, you will use this data to investigate the relationship between the number of completed years of education for young adults and the distance from each student's high school to the nearest four-year college. (Proximity lowers the cost of education, so that students who live closer to a four-year college should, on average, complete more years of higher education.) The following table contains data from a random sample of high school seniors interviewed in 1980 and re-interviewed in 1986. Download the data from the table by clicking the download table icon . A detailed description of the variables used in the dataset is available here LOADING.... Use a statistical package of your choice to answer the following questions. Suppose you are interested in estimating the following model ED = beta 0 + beta 1Dist + u Run a regression of years of completed education (ED ) on distance to the nearest college (Dist ), where Dist is measured in tens of miles. (For example, Dist = 2 means that the distance is 20 miles). What is the estimated intercept ModifyingAbove beta with caret 0 ? The estimated intercept ModifyingAbove beta with caret 0 is nothing. (Round your response to three decimal places )

College Distance  
Dist   Ed
1.5   16
5   12
0.7   16
0.5   16
1.1   14
4   14
0.8   12
1   12
0.8   13
1.2   16
0   12
2   13
1   12
2   15
2   16
0.1   12
0.5   17
1.5   13
0.8   16
1.5   16
1   15
3   12
5   13
0.4   16
0.1   16
0.7   12
2.2   12
0.3   16
0   12
3.6   12
1   14
0.1   15
0.5   14
0.3   16
0.4   12
1   12
7.5   12
0.5   12
1.8   12
2.5   14
1.7   16
0.5   16
1   12
0.5   15
3   16
3.6   13
5   16
2   12
0.3   12
3   12
1.3   14
0.5   16
3.5   16
2   15
3.2   12
0.7   13
0.5   13
0.7   13
0.3   12
1   12
1.5   12
1.2   16
6.5   12
0.7   13
5   15
2.5   15
0.1   16
0   16
1   12
0.5   13
0.2   16
0.4   13
2.6   15
1   13
0.3   12
0.5   15
0.5   17
1.5   17
4   12
4   14
0   13
1.5   12
0.1   12
2   12
0.3   16
0.1   14
4   16
3   12
2.2   12
0.1   12
0.7   15
0.3   15
3.3   15
0.1   13
0.7   15
3.5   12
2.6   12
5   15
7   12
0.8   12

Answer 1