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A-Comment about the possible relationship between the two variables. B-How do you interpret the slope coefficient of 0.39?

A-Comment about the possible relationship between the two variables. B-How do you interpret the slope coefficient of 0.39?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A researcher has designed the relationship between the salaries of selected employees of an organization (shown as "EARN" in $/hour) and their years of education (shown as "YRSEDUC", in years) as hereunder. A total number of (1) employees were selected for this study: EARN) = B(0) + B1) YRSEDUC(1) + Um Moreover, by applying this model on a database, the researcher found that the GRETL result shows the slope coefficient of the regression line as B1) = 0.39 (assume 5% level of significance) Using the above findings, answer the following questions: A-Comment about the possible relationship between the two variables. B-How do you interpret the slope coefficient of 0.39?
Transcribed Image Text:A researcher has designed the relationship between the salaries of selected employees of an organization (shown as "EARN" in $/hour) and their years of education (shown as "YRSEDUC", in years) as hereunder. A total number of (1) employees were selected for this study: EARN) = B(0) + B1) YRSEDUC(1) + Um Moreover, by applying this model on a database, the researcher found that the GRETL result shows the slope coefficient of the regression line as B1) = 0.39 (assume 5% level of significance) Using the above findings, answer the following questions: A-Comment about the possible relationship between the two variables. B-How do you interpret the slope coefficient of 0.39?
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