Question: How do I solve a-g? This is for class HCM 360. Thanks! The variables are: HEALTH = survey question: On a scale of 0 to

How do I solve a-g? This is for class HCM 360. Thanks!

How do I solve a-g? This is for class HCM 360. Thanks!

The variables are: HEALTH = survey question: On a scale of 0 to 10, how do you feel about your health? INCOME = household income, in $100,000 Euro increments MARRIED = 0 if the person is not married, 1 if they are FEMALE = 0 if the person is not female, 1 if they are KIDS = 0 if there are no children in the household, 1 if there are WORKING = 0 if the person is not working, 1 if they are. Please answer the following questions: a. Write out a regression equation regressing INCOME (dependent variable) on AGE and EDUC. (3 points) b. Run this regression in Excel. Report the intercept (constant) and the coefficients for AGE and EDUC. (5 points) c. How many observations are there in the sample? (2 points) d. What is the sample standard deviation of the variable INCOME? (2 points) e. What is the R2 in the model? What the R2 measure? (2 points) f. Does this set of results give a convincing description of a relationship between INCOME and (AGE,EDUC) ? Are any of the relationships statistically significant? (3 points) g. How do you interpret the coefficient EDUC on INCOME? Put this relationship into words. (3 points)

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