Question. Using the following regression result, make your answers to the questions. Call: 1m(formula wage educ, data data) Residuals: Min 10 Median 3Q Max -5.1579 -2.5066 0.3816 2.4539 4.4737 Coefficients: Estimate Std. Error t value Pr(>ltl) (Intercept) 9.0526 5.1420 1.761 0.11635 educ 0.5994 3.644 0.00655 2.1842 Signif. codes: *** 0.001** 0.01 0.05 0.11 Residual standard error: 3.305 on 8 degrees of freedom Multiple R-squared: 0.6241, Adjusted R-squared: 0.5771 F-statistic: 13.28 on 1 and 8 DF, p-value: 0.006549 1) Using the estimate and standard error of educ variable, perform the following hypothesis test. Ho: Beduc = 0 H₁: Beduc #0 2) Interpret the above hypothesis test result.
Question. Using the following regression result, make your answers to the questions. Call: 1m(formula wage educ, data data) Residuals: Min 10 Median 3Q Max -5.1579 -2.5066 0.3816 2.4539 4.4737 Coefficients: Estimate Std. Error t value Pr(>ltl) (Intercept) 9.0526 5.1420 1.761 0.11635 educ 0.5994 3.644 0.00655 2.1842 Signif. codes: *** 0.001** 0.01 0.05 0.11 Residual standard error: 3.305 on 8 degrees of freedom Multiple R-squared: 0.6241, Adjusted R-squared: 0.5771 F-statistic: 13.28 on 1 and 8 DF, p-value: 0.006549 1) Using the estimate and standard error of educ variable, perform the following hypothesis test. Ho: Beduc = 0 H₁: Beduc #0 2) Interpret the above hypothesis test result.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 17HP
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Transcribed Image Text:Question. Using the following regression result, make your answers to the questions.
Call:
Im(formula - wage - educ, data - data)
Residuals:
10 Median
-5.1579 -2.5066 0.3816 2.4539 4.4737
Min
30
Max
Coefficients:
Estimate Std. Error t value Pr(>1tl)
(Intercept) 9.0526
educ
5.1420 1.761 0.11635
2.1842
0.5994 3.644 0.00655 **
---
Signif. codes: 0 ***** 0.001 *** 0.01 ** 0.05 . 0.1' 1
Residual standard error: 3.305 on 8 degrees of freedom
Multiple R-squared: 0.6241,
F-statistic: 13.28 on 1 and 8 DF, p-value: 0.006549
Adjusted R-squared: 0.5771
1) Using the estimate and standard error of educ variable, perform the following hypothesis test.
Ho:Beduc = 0
H1: Beduc # 0
2) Interpret the above hypothesis test result.
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