Homework Help is Here – Start Your Trial Now!
Math
Statistics
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
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question

Please answer and assist with questions K, L 

Thank you. 

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: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 =
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?
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?
Expert Solution
steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
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
SEE MORE TEXTBOOKS