Based on the pictures: a)Interpret the coefficient on lnypcpenn and its p-value. b)Interpret the coefficient on ln_annualprecip and its p-value. c)Interpret the coefficient on ff-rents and its p-value.
Based on the pictures: a)Interpret the coefficient on lnypcpenn and its p-value. b)Interpret the coefficient on ln_annualprecip and its p-value. c)Interpret the coefficient on ff-rents and its p-value.
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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Question
1 Based on the pictures:
a)Interpret the coefficient on lnypcpenn and its p-value.
b)Interpret the coefficient on ln_annualprecip and its p-value.
c)Interpret the coefficient on ff-rents and its p-value.

Transcribed Image Text:R R 4.1.1 ~
Coefficients:
(Intercept)
Inypcpenn
In_gasprice
In_annualprecip
ffrents
Inpop
Inland
incomegrouplow
incomegroupmiddle
Jobs X
Estimate Std. Error t value Pr(>ltl)
2.565876
0.804007
3.191 0.00180 **
0.685822
0.057305 11.968 < 2e-16 ***
0.10205
-0.117126
0.071093 -1.648
-0.100838
0.040154 -2.511 0.01335 *
0.001111
0.003603 0.308
0.75833
-0.058083 0.033443 -1.737
0.08497
0.071733 0.026363 2.721 0.00747 **
0.123811 0.243314 0.509 0.61178
-0.348097 0.120393 -2.891 0.00455 **
Signif. codes: 0 ***' 0.001 **' 0.01 * 0.05 '.' 0.1
(
Residual standard error: 0.3945 on 121 degrees of freedom
(7 observations deleted due to missingness)
Multiple R-squared: 0.8595, Adjusted R-squared: 0.8503
F-statistic: 92.55 on 8 and 121 DF, p-value: < 2.2e-16
'1

Transcribed Image Text:6:1
(Top Level) +
Console Terminal x
R R 4.1.1 ~/
Residuals:
Min
.
1Q Median
3Q
Max
-0.93396 -0.26189 -0.05778 0.23900 1.13305
Coefficients:
Background Jobs x
(Intercept)
Inypcpenn
In_gasprice
In_annualprecip
ffrents
Inpop
Inland
Estimate Std. Error t value Pr(>ltl)
2.565876 0.804007 3.191
0.685822 0.057305 11.968
-0.117126 0.071093 -1.648
-0.100838 0.040154 -2.511
0.001111
0.003603 0.308
-0.058083 0.033443 -1.737
0.071733
0.026363 2.721
incomegrouplow
0.123811
0.243314 0.509
incomegroupmiddle -0.348097 0.120393 -2.891
Signif. codes: 0 ***** 0.001 '**' 0.01 * 0.05 .' 0.1
0.00180 **
< 2e-16 ***
0.10205
0.01335 *
0.75833
0.08497
0.00747 **
0.61178
0.00455 **
1
I
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