Dependent variable: Monthly Income Independent variable: Year of Education After calculating the regression slope of the two variables, explain what the slope refers to by selecting two correct answers (NO PATIAL CREDIT). Form: For one unit increase in [a], [b] is predicted to [c] by the slop. For one unit increase in Monthly Income, For one unit increase in Year of Education, Monthly Income is predicted to increase by the slop Monthly Income is predicted to decrease by the slop Year of Education is predicted to increase by the slop Year of Education is predicted to decrease by the slop

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Table 1. Data from random sampling
Monthly Income
($1,000)
$1.8
Туре of
Punishment
Marital Status
Year of Education
Sentence months
2
2
12
$2.3
7
1
16
$2.5
1
10
2
18
$2.3
1
1
22
$3.8
2
14
1
$1.9
1
11
1
15
$3.2
2
14
2
$2.1
3
12
1
$1.9
2
7
1
15
$2.1
2
10
3
$2.1
3
12
10
$2.0
1
8
2
14
$2.6
2
2
13
$2.6
1
1
$2.0
1
7
2
11
$2.6
1
12
3
7
$1.9
2
1
11
$2.5
3
7
2
7
$2.1
1
9
1
11
$2.6
2
7
15
$2.3
1
10
1
3
$2.3
3
10
7
$2.5
1
8
1
$2.4
1
16
$2.7
1
1
16
$2.5
3
10
2
13
$1.9
3
10
3
4
$1.8
1
8
2
16
$2.6
2
11
1
6
$2.1
2
10
2
17
Type of Punishment
1
Probation/community service
2
Jail incarceration
3
Prison incarceration
Marital Status
1
Married
Single
Other
2
3
Transcribed Image Text:Table 1. Data from random sampling Monthly Income ($1,000) $1.8 Туре of Punishment Marital Status Year of Education Sentence months 2 2 12 $2.3 7 1 16 $2.5 1 10 2 18 $2.3 1 1 22 $3.8 2 14 1 $1.9 1 11 1 15 $3.2 2 14 2 $2.1 3 12 1 $1.9 2 7 1 15 $2.1 2 10 3 $2.1 3 12 10 $2.0 1 8 2 14 $2.6 2 2 13 $2.6 1 1 $2.0 1 7 2 11 $2.6 1 12 3 7 $1.9 2 1 11 $2.5 3 7 2 7 $2.1 1 9 1 11 $2.6 2 7 15 $2.3 1 10 1 3 $2.3 3 10 7 $2.5 1 8 1 $2.4 1 16 $2.7 1 1 16 $2.5 3 10 2 13 $1.9 3 10 3 4 $1.8 1 8 2 16 $2.6 2 11 1 6 $2.1 2 10 2 17 Type of Punishment 1 Probation/community service 2 Jail incarceration 3 Prison incarceration Marital Status 1 Married Single Other 2 3
Question 1 - 3 refer to following variables:
• Dependent variable: Monthly Income
• Independent variable: Year of Education
After calculating the regression slope of the two variables, explain what the
slope refers to by selecting two correct answers (NO PATIAL CREDIT).
Form: For one unit increase in [a], [b] is predicted to [c] by the slop.
For one unit increase in Monthly Income,
For one unit increase in Year of Education,
Monthly Income is predicted to increase by the slop
Monthly Income is predicted to decrease by the slop
Year of Education is predicted to increase by the slop
Year of Education is predicted to decrease by the slop
Transcribed Image Text:Question 1 - 3 refer to following variables: • Dependent variable: Monthly Income • Independent variable: Year of Education After calculating the regression slope of the two variables, explain what the slope refers to by selecting two correct answers (NO PATIAL CREDIT). Form: For one unit increase in [a], [b] is predicted to [c] by the slop. For one unit increase in Monthly Income, For one unit increase in Year of Education, Monthly Income is predicted to increase by the slop Monthly Income is predicted to decrease by the slop Year of Education is predicted to increase by the slop Year of Education is predicted to decrease by the slop
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman