The director of the Northern Tennessee Association of Local Governments is conducting a study on differences in average property taxes (in thousands of dollars) that residents in 15 local communities pay on their homes. The director believes that variations in property taxes are a function of two variables: the number of government employees on staff in each city (EMPLOYEES) and city size, measured in square miles (SIZE). The director uses SPSS to generate the following regression, where the average property tax per residence is the dependent variable.
(a) Interpret the intercept, slopes, and R2 values.
(b) Interpret the standardized coefficients. Explain how the standardized coefficients differ in magnitude from the unstandardized coefficients.

  • CreatedNovember 11, 2015
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