Question: Please solve using statistical analysis for economic and finance E G H M N O Regression Statistics Multiple R 0.307949866 2. Estimate a simple regression

Please solve using statistical analysis for economic and finance E G

Please solve using statistical analysis for economic and finance

E G H M N O Regression Statistics Multiple R 0.307949866 2. Estimate a simple regression model where a one-point R Square 0.09483312 increase in IQ changes wage by a constant dollar amount. Adjusted R Square 0.09346373 Use this model to find the predicted increase in wage for an Standard Error 387.0485467 Increase in IQ of 15 points. Does IQ explain most of the Observations 663 variation in wage? (2 points) 3. Now, estimate a model where each one-point increase in ANOVA IQ has the same percentage effect on wage. If IQ increases SS MS Fgnificance F by 15 points, what is the approximate percentage increase Regression 10374417.62 10374418 69.25208 4.97E-16 in predicted wage? (2 points) Residual 661 99022147.72 149806.6 Total 662 109396565.3 Coefficients Standard Error It Stat P-value Lower 95%Upper 95%ower 95.09pper 95.0% Intercept 114.9209336 106.0427789 1.083722 0.278883 -93.3004 323.1422 -93.3004 323.1422 8.524047701 1.024305369 8.321784 4.97E-16 6.512763 10.53533 6.512763 10.53533

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