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Data is collected on teacher salary (measured in 1000’s of $’s) and years of service, rating by the administrator, and whether the teacher has a master's degree (=1) or not (=0) a) Complete the following table b) What is the estimated regression equation? c) How much of the variation in income is explained by the regressors? d) What is the standard error of the error term in the regression equation?

Data is collected on teacher salary (measured in 1000’s of $’s) and years of service, rating by the administrator, and whether the teacher has a master's degree (=1) or not (=0) a) Complete the following table b) What is the estimated regression equation? c) How much of the variation in income is explained by the regressors? d) What is the standard error of the error term in the regression equation?

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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6) Data is collected on teacher salary (measured in 1000’s of $’s) and years of service, rating by the administrator, and whether the teacher has a master's degree (=1) or not (=0) a) Complete the following table b) What is the estimated regression equation? c) How much of the variation in income is explained by the regressors? d) What is the standard error of the error term in the regression equation?
6) Data are collected on teacher salary (measured in 1000's of $'s) and years of service, rating by the administrator, and whether the teacher has a masters degree (-1) or not (=0) a) Complete the following table SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.953 20 ANOVA df SS MS Significance F 1.62311E-08 F Regression Residual Total 903.2 301.1 52.7 91.4 5.7 Coefficients Standard Error P-value Lower 95% Upper 95% Intercept Years 9.915 1.916 0.000 0.899 0.154 0.088 0.000 Rating Masters 0.031 0.000 -0.667 1.214 0,590
Transcribed Image Text:6) Data are collected on teacher salary (measured in 1000's of $'s) and years of service, rating by the administrator, and whether the teacher has a masters degree (-1) or not (=0) a) Complete the following table SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.953 20 ANOVA df SS MS Significance F 1.62311E-08 F Regression Residual Total 903.2 301.1 52.7 91.4 5.7 Coefficients Standard Error P-value Lower 95% Upper 95% Intercept Years 9.915 1.916 0.000 0.899 0.154 0.088 0.000 Rating Masters 0.031 0.000 -0.667 1.214 0,590
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