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# Linear Regression of Wages and College Degree

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If my dependent variable (Y) is wages
If my independent variable (X) is a 2-yr. degree versus a 4-yr. degree
Can you help me with a linear regression analysis if I have wages representing a 2 and 4 year degree?
Those wages being: 2 yr. degree, \$11,702, \$24,509, \$35,185, \$34,746
Wages for a 4 yr. degree, \$29,997, \$33,959, \$22,133, \$30,006, \$83,443, \$33,351, \$31,304
If a linear regression cannot be performed with the data above, please explain what is missing.
Thank you.

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#### Solution Preview

Linear regression is performed between two sets of data which is reported one to one, i.e., if there are n number of independent variable values ...

#### Solution Summary

This solution explains the conditions for a linear regression and the relationship between an independent and dependent variable. It also conducts a linear regression with the data on wages and college degrees including a graph, full workings and formulas in an Excel file.

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