For Exercises 23–37, follow these steps. You have already calculated the regression equation in Exercises 37–51 in Section 4.2. Do the following.

  1. Calculate the sum of squares error, SSE.
  2. Compute and interpret the standard error of the estimate, .
  3. Calculate the total sum of squares, SST.
  4. Find the sum of squares regression, SSR.
  5. Calculate and interpret the coefficient of determination, .
  6. Use to calculate and interpret the correlation coefficient, .

Question 4.225

24. Does It Pay to Stay in School? See Exercise 38 in Section 4.2.