Question: Problem II oulink regression analysis was used to study how an individual's income (Yin thousands of dollars) is influenced by age (X, in years), level
Problem II oulink regression analysis was used to study how an individual's income (Yin thousands of dollars) is influenced by age (X, in years), level of education (X, ranging from 1 to 5), and the person's gender (X; where 0 -female and Imale). The following is a partial result of a computer program that was used on a sample of 20 individuals Coefficient Standard Error 0.6251 0,094 0.9210 0.190 -0.510 0.920 Analysis of Variance Source of Degrees Sum of Mean Variation of Freedom Squares Square Regression 84 112 a: Compute the coefficient of determination b. Perform at test and determine whether or not the coefficient of the variable "level of education" (.e., X) is significantly different from zero. Leta -0.05. At Q -0.05, perform an F test and determine whether or not the regression model is significant d. As you note the coefficient of X, is -0.510. Fully interpret the meaning of this coefficient. Error
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
