Question: Heres a multiple regression model for the variables considered in Exercise 11. a) Write the regression model. b) What does the coefficient of Police Officer

Here€™s a multiple regression model for the variables considered in Exercise 11.

a) Write the regression model.
b) What does the coefficient of Police Officer Wage mean in the context of this regression model?
c) In a state in which the average police officer wage is $20/hour and the high school graduation rate is 70%, what does this model estimate the violent crime rate would be?
d) Is this likely to be a good prediction? Why do you think that?

Dependent variable is: Violent Crime R squared_ 22.41% R squared (adjusted) 19.10% s 156.9 with 47 degrees of freedom Source Regression Residual Sum of Squares df Mean Square F-ratio 334246 1157508 167123 24628 6.786 47 Variable Coeff SE(Coeff) t-ratio P-value Intercept 1370.22 Police 292.180 4.690 0.0001 Officer Wage 0.79473.598 0.221 0.8262 Graduation Rate -12.641 3.451 -3.663 0.00063

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