19We are 95% confident that the population slope parameter is between, a1.401.89b1.481.81c1.531.75d1.571.72 Your want to study the relationship between hourly WAGE and the number of years of schooling (EDUC). Youobtain the wage and years of schooling for 50 persons. You obtain the following regression summary output fromyour regression analysis.DEPENDENT VARIABLE = WAGERegression StatisticsMultiple R0.3845R SquareAdjusted R Square0.1470Standard ErrorObservations1000ANOVAdfSSMSF StatP-valueRegression24378.82 173.147351.393E-36Error140516.51Total164895.33bise(b_j)t StatP-valueLower 95% Upper 95%Intercept-2.07801.7664-1.17640.239730-5.54431.3884EDUC1.64351.393E-36|

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We are 95% confident that the population slope parameter is between, a 1.40 1.89 b 1.48 1.81 c 1.53 1.75 d 1.57 1.72

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

Chapter3: Straight Lines And Linear Functions

Section3.CR: Chapter Review Exercises

Problem 15CR: Life Expectancy The following table shows the average life expectancy, in years, of a child born in...

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Question

19	We are 95% confident that the population slope parameter is between,

a	1.40	1.89
b	1.48	1.81
c	1.53	1.75
d	1.57	1.72

Your want to study the relationship between hourly WAGE and the number of years of schooling (EDUC). You
obtain the wage and years of schooling for 50 persons. You obtain the following regression summary output from
your regression analysis.
DEPENDENT VARIABLE = WAGE
Regression Statistics
Multiple R
0.3845
R Square
Adjusted R Square
0.1470
Standard Error
Observations
1000
ANOVA
df
SS
MS
F Stat
P-value
Regression
24378.82 173.14735
1.393E-36
Error
140516.51
Total
164895.33
bi
se(b_j)
t Stat
P-value
Lower 95% Upper 95%
Intercept
-2.0780
1.7664
-1.1764
0.239730
-5.5443
1.3884
EDUC
1.6435
1.393E-36|

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