Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TB MC Qu. 14-106 (Algo) A sociologist examines the relationship between... A sociologist examines the relationship between the poverty rate and several socioeconomic factors. For

image text in transcribed
image text in transcribed
TB MC Qu. 14-106 (Algo) A sociologist examines the relationship between... A sociologist examines the relationship between the poverty rate and several socioeconomic factors. For the 50 states and the District of Columbia (n = 51), he collects data on the poverty rate (y, in %), the percent of the population with at least a high school education (X1), median income (x2, in $1000s), and the mortality rate per 1,000 residents (X3). He estimates the following model as y= 60 + 61 Education + 62 Income + 63 Mortality + 8. The following ANOVA table shows a portion of the regression results. df SS MS F Regression 3 415 . 3 138.43 92.9 Residual 47 70.2 1. 49 Total 50 485.5 Coefficients Standard Error t-stat p-value Intercept 60.6 4 15 .15 1. 65E-16 Education -0.42 0. 09 -4.67 5. 45E-10 Income -0.4 0. 02 -20 6. 02E-10 Morality 0. 14 0. 15 0.93 0. 6438

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus With Limits

Authors: Ron Larson

3rd Edition

1285607163, 9781285607160

More Books

Students also viewed these Mathematics questions

Question

An action plan is prepared.

Answered: 1 week ago