Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. summary output regression sta

SUMMARY OUTPUT Regression Statistics Multiple R 0.195389 R Square 0.038177 Adjusted R Square 0.037333 Standard Error 36578.71 Observations 1142 ANOVA df SS MS F Significance F Regression 1 6.05E+10 6.05E+10 45.2492 2.74E-11 Residual 1140 1.53E+12 1.34E+09 Total 1141 1.59E+12 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 17779.38 3518.846 5.052617 5.07E-07 10875.24 24683.53 10875.24 24683.53 X...

80.2K

Verified Solution

Question

Statistics

SUMMARY OUTPUT

Regression Statistics

Multiple R

0.195389

R Square

0.038177

Adjusted R Square

0.037333

Standard Error

36578.71

Observations

1142

ANOVA

df

SS

MS

F

Significance F

Regression

1

6.05E+10

6.05E+10

45.2492

2.74E-11

Residual

1140

1.53E+12

1.34E+09

Total

1141

1.59E+12

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Lower 95.0%

Upper 95.0%

Intercept

17779.38

3518.846

5.052617

5.07E-07

10875.24

24683.53

10875.24

24683.53

X Variable 1

522.0407

77.60665

6.726752

2.74E-11

369.7728

674.3086

369.7728

674.3086

Income using age

  1. Write the regression equation.
  2. Discuss the statistical significance of the model as a wholeusing the appropriate regression statistic at a 95% level ofconfidence.
  3. Discuss the statistical significance of the coefficient foreach independent variable using the appropriate regressionstatistics at a 95% level of confidence.
  4. Discuss the statistical significance of the coefficient foreach independent variable using the appropriate regressionstatistics at a 99% level of confidence.
  5. What percentage of the observed variation in income isexplained by the model?
  6. Determine the predicted income of a person who is 50 years old,with 22 years of education, 1 additional family member earningincome and works 45 hours per week.    

Answer & Explanation Solved by verified expert
4.1 Ratings (552 Votes)
in f you are expected    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

You observe no green ovals, only pink cells, after a correctly performed endospore stain. What...

Biology
1.2K views

Some people believe the state and local elections elections should be run separately from national...

Geometry
1.2K views

fiber optic network to monitor power meters at residents homes The network is called Santa...

Basic Math
1.2K views

z = -1 is what percentile?percentileState your answer to the nearest tenth of a percent.Enter...

Calculus
1.2K views

Help Lecture 87 Ex 87 2 787 For b t 10e Ostsin 8t what is...

Calculus
1.2K views

Select the correct choices that complete the sentence below If two functions f and g...

Algebra
1.2K views

11 Determine which symmetries the graph of xy x y possess a x axis b...

Accounting
1.2K views

sage inc. experienced the following transactions for year ...

Accounting
1.2K views

Question 2 Direct Material and Labour Variance: Manufacturer 10 marks During September, Wonderland Ltd material...

Accounting
1.2K views

Cuando las unidades parcialmente terminadas se convierten en un nmero comparable de unidades terminadas, se...

Finance
1.2K views

Goliath Banking Corporation (GBC) offers an "Income Investment Product" (IIP) for customers. The details for...

Accounting
1.2K views

All the following statements are correct statements regarding charitable contributions, except? A. Ordinary income property...