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Y = Yearly Income (measured in thousands of dollars) X = 1 if someone has a bachelor's degree or higher and 0 otherwise You obtain

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Y = Yearly Income (measured in thousands of dollars) X = 1 if someone has a bachelor's degree or higher and 0 otherwise You obtain the following regression equation from your analysis: yhat = 46.9 - 11.8*x where the value of 11.8 has a p-value of 0.15 Based on the regression equation how would you interpret the value of 11.8 O Yearly salary has no influence on if someone has at least a bachelor's degree Education has to influence on the someone's yearly salary For everyone 1 thousand dollar increase in yearly salary someone is 11.8 times less likely to have a bachelor's degree People with at least a bachelor's degree earn on average 11.8 thousand dollars less per year than those who have less education than a bachelor's degree If someone does not have a college degree the earn 46.9 thousand dollars a year If someone has a college degree they earn 58.7 thousand dollars a year

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