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4.3 For the following four regression equations, explain what the slope and intercept mean. a. wage = 2.05 + 1.32education, where wage is dollars earned
4.3 For the following four regression equations, explain what the slope and intercept mean. a. wage = 2.05 + 1.32education, where wage is dollars earned per hour and educa- tion is number of years the person went to school. b. GPA = 1.14 + 0.23hours study, where GPA is measured in points and hours study is the number of hours spent studying in a week. c. sleep = 10.33 0.44work, where sleep is hours spent sleeping per night and work is the number of hours worked per day. d. savings = 586 + 0.15salary, where savings is dollars saved in the bank and the salary is the number of dollars earned in a year
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