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. R R 4.1.1 ~Coefficients:(Intercept)InypcpennIn_gaspriceIn_annualprecipffrentsInpopInlandincomegrouplowincomegroupmiddleJobs XEstimate Std. Error t value Pr(>ltl)2.5658760.8040073.191 0.00180 **0.6858220.057305 11.968 < 2e-16 ***0.10205-0.1171260.071093 -1.648-0.1008380.040154 -2.511 0.01335 *0.0011110.003603 0.3080.75833-0.058083 0.033443 -1.7370.084970.071733 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: 0.8503F-statistic: 92.55 on 8 and 121 DF, p-value: < 2.2e-16'1 6:1(Top Level) +Console Terminal xR R 4.1.1 ~/Residuals:Min.1Q Median3QMax-0.93396 -0.26189 -0.05778 0.23900 1.13305Coefficients:Background Jobs x(Intercept)InypcpennIn_gaspriceIn_annualprecipffrentsInpopInlandEstimate Std. Error t value Pr(>ltl)2.565876 0.804007 3.1910.685822 0.057305 11.968-0.117126 0.071093 -1.648-0.100838 0.040154 -2.5110.0011110.003603 0.308-0.058083 0.033443 -1.7370.0717330.026363 2.721incomegrouplow0.1238110.243314 0.509incomegroupmiddle -0.348097 0.120393 -2.891Signif. codes: 0 ***** 0.001 '**' 0.01 * 0.05 .' 0.10.00180 **< 2e-16 ***0.102050.01335 *0.758330.084970.00747 **0.611780.00455 **1I

Slope coefficient indicates the estimate increase or decrease in the dependent variable Y per unit…

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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