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Below is the output the students obtained from their favorite statistical software package Term Intercept PRIVATE ADM RATE Estimate 33670.89 22713.66 -186.60 Std. Error 5486.87
Below is the output the students obtained from their favorite statistical software package Term Intercept PRIVATE ADM RATE Estimate 33670.89 22713.66 -186.60 Std. Error 5486.87 3566.25 68.73 value 6.137 6369 2.715 R 0.6009 Adj.R? -0.5799 58864 What is the interpretation of the estimated slope associated with ADM_RATE? A 1% increase in the admissions rate causes the average cost of attendance to decrease by $186.00. As the cost of attendance decreases by 5186.60, the admissions rate increases by 1%. AIX decrease in the admissions rate is associated with a $186.60 decrease in the average cost of attendance, holding all else constant A 1% increase in the admissions rate is associated with a $186.60 decrease in the average cost of attendance, holding all else constant
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