How do you interpret the coefficients for the incomegrouplow and incomegroupmiddle in the photo? (please provide explanation) 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

The multiple linear regression model is expressed as y=β0+β1x1+β2x2+...+βkxk+∈wherey is the response…

Answered: How do you interpret the coefficients…

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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