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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
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 0 If someone has a college degree they earn 45.9 thousand dollars a year Q Yearly salary has no inuence on if someone has at least a bachelor's degree 0 For everyone 1 thousand dollar increase in yearly salary someone is 14.3 times more likely to have a bachelor's degree 0 People with at least a bachelor's degree earn on average 14.3 thousand dollars more per year than those who have less education than a bachelor's degree 0 Education has no inuence on the someone's yearly salary 0 If someone does not have a college degree the earn 31.6 thousand dollars a year
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