For Exercises 10.1 and 10.2, see page 488; for 10.3 and 10.4, see page 490; for 10.5, see pages 493–494; for 10.6 to 10.8, see pages 498–499; for 10.9 and 10.10, see page 500; and for 10.11 and 10.12, see page 502.
10.1 Predict the log income.
In Case 10.1, Entrepreneur 3 has an EDUC of 14 years and a log income of 10.9475. Using the least-squares regression equation in Example 10.1, find the predicted log income and the residual for this individual.
10.1
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