Question
Y = Yearly Income (measured in thousands of dollars) X = 1 if someone has a bachelor's degree or higher and 0 otherwise You obtain
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 = 31.6 + 14.3*x
where the value of 14.3 has a p-value of 0.01
Based on the regression equation how would you interpret the value of 14.3
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Authors: Richard D De Veaux, Paul D Velleman, David E Bock
4th Edition
0321826213, 9780321826213
