Question: Regression Statistics Multiple R 0.70995212 R Square 0.50403202 Adjusted R Square 0.50086627 Standard Error 12063.8519 Observations 474 ANOVA df SS MS F Significance F Regression

Regression Statistics
Multiple R 0.70995212
R Square 0.50403202
Adjusted R Square 0.50086627
Standard Error 12063.8519
Observations 474
ANOVA
df SS MS F Significance F
Regression 3 6.9514E+10 2.3171E+10 159.21394 3.3298E-71
Residual 470 6.8402E+10 145536523
Total 473 1.3792E+11
Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept -13313.269 2763.35782 -4.8177869 1.9618E-06 -18743.334 -7883.2043 -18743.334 -7883.2043
gender 9022.21202 1201.22739 7.51082778 2.9827E-13 6661.77117 11382.6529 6661.77117 11382.6529
minority -5116.84 1362.97752 -3.7541631 0.00019571 -7795.1237 -2438.5562 -7795.1237 -2438.5562
education 3257.19864 208.853422 15.5956201 1.708E-44 2846.79661 3667.60066 2846.79661 3667.60066

  1. A measure on how well the independent variables gender, minority, and education are able to explain the variation in average salary is the adjusted R Squared. What percentage of the variation in average salaries is described by these variables?
  2. The t Stat is a measure of how an individual independent variable explains variation in the dependent variable average salary. An absolute value greater than 2 is generally considered a significant value in explaining variation. What do the t Stats tell us about the ability of the variables gender, minority, and education to explain average salary?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

You are assigned to the December 31, 2023, audit of Sea Gull Airframes, Inc. The company designs and manufactures aircraft superstructures and airframe components. You observed the physical inventory...

Q:

An investor wishes to know the performance and risk measures of an investment portfolio by running an OLS regression of excess portfolio returns against excess benchmark (BM) returns. Excess returns...

Q:

a retailer wants to test a theory about retail turnover in NSW they download NSW estimated resident population data (in thousands) for each quarter from March 1990 to December 2015 and the...

Q:

PLEASE HELP!!! SUMMARY OUTPUT Regression Statistics Multiple R 0.420288912 R Square 0.17664277 Adjusted R Square 0.174563585 Standard Error 2.505457775 Observations 398 ANOVA df SS MS F Significance...

Q:

The College of Business at Northeast College is accumulating data as a first step in the preparation of next year's budget development. One cost that is being looked at closely is administrative...

Q:

Please answer these questions based off the data attached below. This data is from a test where I played a videogame 20 times to see which variable had the greatest influence on my gaming skills. I...

Q:

Question 19 2.5 Exhibit 6 contains the following regression model: Bearing Acreage = F(average grower prices, HLB cases, marketing) Why is is preferable to use the adjusted R square for goodness of...

Q:

onsider the following monthly revenue data for an up-and-coming service company. Sales Data Month Revenue (Thousands of Dollars) Month Revenue (Thousands of Dollars) 1 321 10 821 2 542 11 833 3 540...

Q:

You are considering purchasing stock in XYZ Co. (XYZ). The current prevailing risk-free rate is 3% and the average investor has a risk-aversion coefficient of = 2 and the variance of the market...

Q:

Hi, This is a Managerial Accounting question, please help me solve it. Thank you so much? Calls Taken Call Center Cost April 7560 $ 81,960 May 7529 $ 81,773 June 7570 82,025 July 7568 81,997 August...

Q:

Is it appropriate to use this data to predict the amount of time that a 9 year old will be on the internet, if yes what is the amount of time if no why? Use Excel to predict the number of minutes...

Q:

With instant coffee, baby food, and bottled water in the mix, Nestl crunches more than just chocolate. The worlds number-one food and drinks company in terms of sales, Nestl is also the world leader...

Q:

Keeper Corporations income statement for the year ended June 30, 2014, and its comparative balance sheets for June 30, 2014 and 2013 follow. Keeper Corporation Income Statement For the Year Ended...

Q:

Established Manufacturers ( Pty ) Ltd is a South African company specialising in producing and distributing electronic components. The company operates in a highly competitive market and sells its...

Q:

We want to use an observer in a textile machine to estimate the state variables. The 2-input, 1-output systems model is = Ax + Bu; y = Cx, where (Cardona, 2010) a. Find the systems observability...

Q:

For the system of Figure P6.4, tell how many closed loop poles are located in the right half-plane, in the left half-plane, and on the j-axis. Notice that there is positive feedback. R(s) + E(s) 18...

Q:

Refer to the Baseball 2018 data, which report information on the 30 Major League Baseball teams for the 2018 season. a. At the .10 significance level, is there a difference in the variation in team...

Q:

Prepare a journal entry on April 30 for fees earned on account, $12,980.

Q:

On March 31, Dower Publishing discounted a $30,000 note at a local bank. The note was dated February 28 and required the payment of the principal amount and interest at 6% on May 31. The banks...

Q:

The issues in The Force Element center on how to establish if and when a robbery has occurred and how difficult it can be to prove the force element. Explain your choices in this scenario by...

Q:

Are the Occupational Safety and Health Administrations standards, policies, and rules aimed at addressing problems like the ones that apparently existed at the Texas City plant? If so, how would you...

Q:

Explain specifically how strategic human resource management at BP seems to have supported the companys broader strategic aims. What does this say about the advisability of always linking human...

Q:

Do you suggest Lisa use a PEO? Why?