g) What is the value of the correlation coefficient between dependent variable and independent variable? What is the implication of the correlation coefficient?
g) What is the value of the correlation coefficient between dependent variable and independent variable? What is the implication of the correlation coefficient?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Transcribed Image Text:The following sample data contains the number of years of college and the current annual salary for a random sample of heavy equipment salespeople. A researcher believes that spending more years in college
leads to higher annual income.
Annual Income
Years in College
(In Thousands)
31.2
35.9
2
39.0
2
54.6
4
43.7
28.1
57.7
4
46.8
3
62.4
60.8
SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
Adjusted R Square
0.959
0.919
0.909
Standard Error
3.756
Observations
10.000
ANOVA
df
SS
Significance F
0.000
MS
F
Regression
1.000
1,285.245
1,285.245
91.105
Residual
8.000
112.858
14.107
Total
9.000
1,398.103
t Stat
P-value
Lower 95% Upper 95% Lower 95.0% Upper 95.0%
(1.591)
Coefficients itandard Erroi
(1.591)
9.613
1.923
0.091
17.581
17.581
Intercept
Years in College
7.995
4.157
12.675
1.328
9.545
0.000
9.613
15.737
15.737
Transcribed Image Text:QUESTION 7
g) What is the value of the correlation coefficient between dependent variable and independent variable? What is the implication of the correlation coefficient?
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