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) e) Are any of the explanatory (independent) variables significant at the 10% level of significance? How do you know?f) What is the predicted value of income for a teacher that does not have a master's degree, has 14 years of service, and has a rating of 3.5?g) What is the effect on the income of a teacher receiving their master's degree? 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 tableSUMMARYOUTPUTRegression StatisticsMultiple RR SquareAdjusted R SquareStandard ErrorObservations0.95320ANOVAdfSSMSSignificance F1.62311E-08FRegressionResidualTotal903.2301.152.791.45.7Coefficients Standard ErrorP-valueLower 95% Upper 95%InterceptYears9.9151.9160.0000.8990.1540.0880.000RatingMasters0.0310.000-0.6671.2140,590

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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) e) Are any of the explanatory (independent) variables significant at the 10% level of significance? How do you know? f) What is the predicted value of income for a teacher that does not have a master's degree, has 14 years of service, and has a rating of 3.5? g) What is the effect on the income of a teacher receiving their master's degree?