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.

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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.
decimal places)
(Round VIF to 3
Problem (Yes, No)
(Click to select)
(Click to select) ♥
(Click to select) v
Variable
VIF
X1
X2
X3
Transcribed Image Text:k. Is Multicollinearity a problem? Compute the VIF for each independent varlable. decimal places) (Round VIF to 3 Problem (Yes, No) (Click to select) (Click to select) ♥ (Click to select) v Variable VIF X1 X2 X3
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