A magazine surveyed graduates, asking about their point of view of the colleges they had attended. One good predictor of early career earnings ($/year) turned out to be the average SAT score of entering students. Here are the regression model and associated plots. Write a sentence to explain the meaning of the standard error of the slope of the regression line, SE (b₁) = 1.581, and the corresponding P-value.
A magazine surveyed graduates, asking about their point of view of the colleges they had attended. One good predictor of early career earnings ($/year) turned out to be the average SAT score of entering students. Here are the regression model and associated plots. Write a sentence to explain the meaning of the standard error of the slope of the regression line, SE (b₁) = 1.581, and the corresponding P-value.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 4GP
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Write a sentence to explain the meaning of the standard error of the slope of the regression line,
SEb1=1.581, and the corresponding P-value.
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