The t Stat is a measure of how an individual independent variable explains variation in the dependent variable average salary. An absolute value greater than 2 is generally considered a significant value in explaining variation. What do the t Stats tell us about the ability of the variables gender, minority, and education to explain average salary? Multiple R 0.709952124
The t Stat is a measure of how an individual independent variable explains variation in the dependent variable average salary. An absolute value greater than 2 is generally considered a significant value in explaining variation. What do the t Stats tell us about the ability of the variables gender, minority, and education to explain average salary? Multiple R 0.709952124
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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- The t Stat is a measure of how an individual independent variable explains variation in the dependent variable average salary. An absolute value greater than 2 is generally considered a significant value in explaining variation. What do the t Stats tell us about the ability of the variables gender, minority, and education to explain average salary?
-
Multiple R 0.709952124 R Square 0.504032019 Adjusted R Square 0.500866266 Observations 474 ANOVA df SS MS F Significance F Regression 3 69514329650 2.3171E+10 159.21394 3.3298E-71 Residual 470 68402165786 145536523 Total 473 1.37916E+11 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept -13313.26923 2763.357821 -4.8177869 1.9618E-06 -18743.334 -7883.2043 -18743.334 -7883.2043 gender 9022.212021 1201.227386 7.51082778 2.9827E-13 6661.77117 11382.6529 6661.77117 11382.6529 minority -5116.839967 1362.977518 -3.7541631 0.00019571 -7795.1237 -2438.5562 -7795.1237 -2438.5562 education 3257.198635 208.8534222 15.5956201 1.708E-44 2846.79661 3667.60066 2846.79661 3667.60066
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