Here is a data set on various measures of the 50 United States. The Murder rate is per 100,000, HS Graduation rate is in %, Income is per capita income in dollars, Illiteracy rate is per l000, and Life Expectancy is in years. Find a regression model for Life Expectancy with three predictor variables by trying all four of the possible models.
a) Which model appears to do the best?
b) Would you leave all three predictors in this model?
c) Does this model mean that by changing the levels of the predictors in this equation, we could affect life expectancy in that state? Explain.
d) Be sure to check the conditions for multiple regression. What do you conclude?