A. In a survey of Americans, respondents were asked whether their family\'s inco

Question

A. In a survey of Americans, respondents were asked whether their family's income when they were kids were far below average, below average, average, above average, or far above average (a scale from 1 to 5). They were also asked what their current income and education is, and given a “socioeconomic index” score (an interval scale). So, the independent variable is the person's income status as a kid (called "opinion of family income") and the dependent variable is their current socioeconomic index. Here is the regression analysis.   What does the "B" and the "Sig" columns reveal? Be as specific as you can.

B.Next, the researcher is interested in how the respondents “level of religious fundamentalism as a youth” may impact current socioeconomic status. What is learned from the “B” and the “Sig” for the fundamentalist variable?

C. What is learned from comparing the output in the previous question to the output in the question before that? Keep your focus on the change or lack of change in “B” for "opinion of family income".

D. True or False: This causal diagram displays the analysis that was just completed in the previous regression analysis (in previous few questions.)

Coefficients Unstandardized Coefficients Model Std. Error 1.239 27.029 (Constant) 7.880 OPINION OF FAMILY INCOME 415 a. Dependent Variable: RESPONDENT SOCIOECONOMIC INDEX Standardized Coefficients Beta 343 21.818 18.977 Sig 000 000

Explanation / Answer

B column shows slope and intercept. The regression equation is:

Socioeconomic index=27.029+7.880 (opinion of family income)

For no opinion of family income, Socioeconomic index is 27.029. Per unit increase in opinion of family income increases 7.880 unit Socioeconomic index.

Sig. column shows p-values. Since both significant values are extremely small, we can conclude that intercept and slope both are significant. Therefore, opinion of family income is a significant preditor of Socioeconomic index.

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