Question: How does education (EDUC) affect financial success among the heads of middle class households? Conduct a regression analysis and determine the following. a. Is there
How does education (EDUC) affect financial success among the heads of middle class households? Conduct a regression analysis and determine the following.
a. Is there evidence of a positive linear relationship between education and total financial assets (FIN)?
b. Estimate with 95% confidence the marginal increase in total financial assets for each additional year of education.
c. Find the coefficient of determination and describe its value.
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a H 0 1 0 H 1 1 0 t 1083 pvalue 0 There is enough evidence to conclude that more educat... View full answer
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