Using the regression model from the previous problem, what is the interpretation of the slope coefficient associated with Age? Assume Salary is measured in $1,000's. SUMMARY OUTPUTRegression StatisticsMultiple R0.395498476R Square0.156419044Adjusted R Square0.112785547Standard Error12.17722006Observations62ANOVAdfSSMSFSignificance FRegression1594.730002 531.5766673 3.5848385470.019004626Residual588600.511934 148.2846885Total6110195.24194Coefficients Standard Errort StatP-valueLower 95%Upper 95%Intercept94.5461121625.866296193.655185554 0.00055475542.76909483146.3231295Age-0.2513614911.090541782 -0.230492307 0.818520313-2.4343180441.931595061GPA-13.015622043.993008353 -3.2596030090.00186909-21.00849667 -5.022747407Gender1.2807469293.1199383 0.410503928 0.682948897-4.9644881167.525981974

From the given regression output, we need to interpret the slope coefficient associated with Age

Answered: Using the regression model from the…

Using the regression model from the previous problem, what is the interpretation of the slope coefficient associated with Age? Assume Salary is measured in $1,000's.

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter4: Polynomial And Rational Functions

Section4.6: Variation

Problem 37E

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