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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

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

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