sociologist wishes to study the relationship between happiness and age. He interviews 24 individuals and collects data on age and happiness, measured on a ale from 0 to 100. He estimates the following model: Happiness = Bo + B1Age + e. The following table summarizes a portion of the regression results. Standard P-value 0.0000 Coefficients Error t-stat Entercept 56.1779 5.2135 10.7755 Ege 0.2857 0.0914 3.1258 0.003 e estimate of Happiness for a person who is 55 years old is the closest to

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.6: Higher-degree Polynomials And Rational Functions
Problem 1TU: The following fictitious table shows kryptonite price, in dollar per gram, t years after 2006. t=...
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72
59
75
65
Transcribed Image Text:Multiple Cholce 72 59 75 65
A sociologist wishes to study the relationship between happiness and age. He interviews 24 individuals and collects data on age and happiness, measured on a
scale from 0 to 100. He estimates the following model: Happiness = B0 + B1Age + e. The following table summarizes a portion of the regression results.
Standard
Coefficients
Error
t-stat
р-value
Intercept
56.1779
5.2135
10.7755
0.0000
Age
0.2857
0.0914
3.1258
0.003
The estimate of Happiness for a person who is 55 years old is the closest to
Transcribed Image Text:A sociologist wishes to study the relationship between happiness and age. He interviews 24 individuals and collects data on age and happiness, measured on a scale from 0 to 100. He estimates the following model: Happiness = B0 + B1Age + e. The following table summarizes a portion of the regression results. Standard Coefficients Error t-stat р-value Intercept 56.1779 5.2135 10.7755 0.0000 Age 0.2857 0.0914 3.1258 0.003 The estimate of Happiness for a person who is 55 years old is the closest to
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