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Use the following 4 variables - GENDER Gender of the survey respondent AGE Age of the survey respondent INCOME Annual income of the family
Use the following 4 variables - GENDER Gender of the survey respondent AGE Age of the survey respondent INCOME Annual income of the family FACE Amount that the company will pay in the event of the death of the named insured Answer following questions (show your work for every steps): 1. How gender, age and income (explanatory variables) are related to FACE (dependent variable) and each other. a. Use graphs/figures to show the relationships 2. Can gender, age and income help explain the FACE a. Run a multiple linear regression b. Find the estimated regression parameters c. Use R, Radj, MSE to show performance of explanatory variables d. Use T-test to show how important the explanatory variables are
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