Mike Jimenez is president of the teachers' union for Preston School District. In preparing for upcoming negotiations, he would like to investigate the salary structure of classroom teachers in the district. He believes there are three factors that affect a teacher's salary: years of experience, a rating of teaching effectiveness given by the principal, and whether the teacher has a master's degree (0 = No, 1 = Yes). A random sample of 20 teachers resulted in the following data.
Mike Jimenez is president of the teachers' union for Preston School District. In preparing for upcoming negotiations, he would like to investigate the salary structure of classroom teachers in the district. He believes there are three factors that affect a teacher's salary: years of experience, a rating of teaching effectiveness given by the principal, and whether the teacher has a master's degree (0 = No, 1 = Yes). A random sample of 20 teachers resulted in the following data.
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
Please answer and assist with questions K, L
Thank you.
Transcribed Image Text:Mike Jimenez is president of the teachers' union for Preston School District. In preparing for upcoming negotiations, he would like to
investigate the salary structure of classroom teachers in the district. He believes there are three factors that affect a teacher's salary:
years of experience, a rating of teaching effectiveness given by the principal, and whether the teacher has a master's degree (O = No, 1
= Yes). A random sample of 20 teachers resulted in the following data.
Years of
Experience
Principal's
Rating
96
52
75
80
62
Salary ($
Thousands)
Master's
Degree
51.1
8
43.6
39.3
53
48.6
55
52
46.8
58.6
41.7
35.7
40.6
61.8
46.7
2
15
1
11
14
68
1
94
64
54
57
66
63
92
64
88
7
1
22
1
1
1
23
17
12
48.4
43.6
51.8
40.7
14
57
63
1
74
78
70
42.8
42.9
Click here for the Excel Data File. Data file should open in a new browswer window. Select "File" then "Save As" to download the file to
your computer and be able to use it in Excel.
a. What is the question being asked?
b. Label your dependent variable: y =
Transcribed Image Text:k. Is Multicollinearity a problem? Compute the VIF for each independent varlable.
: (Round VIF to 3 decimal places)
Problem (Yes, No)
(Click to select) v
(Click to select) ♥
(Click to select) ♥
Varlable
VIF
X1
X2
X3
I. What conclusions can you draw? Are there any variables you would take out to make it better? Are there any varlables you think you
might want to Include?
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