please answer c~f base on the regression charts Figure 2 new income RECODE of in
ID: 3313696 • Letter: P
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please answer c~f base on the regression charts
Figure 2 new income RECODE of income (total family income) type: numeric (byte) label: new income range: o, 3] units: 1 unique values: 4 unique mv codes: 1 missing : 0/3,842 missing 304/3,842 tabulation Freq Numeric Label 174 527 243 2,594 304 0 $0 9999 $10000 -19999 2 $20000-24999 3 $25000 or more Figure 3 happy general happiness type numeric (byte) label: LABAB range: 1,3] units: 1 unique values: 3 unique mv codes: 2 missing: 0/3,842 missing 10/3,842 tabulation: Freq Numeric Label 1,177 2,161 494 1 very happy 2 pretty happy 3 not too happy d DKExplanation / Answer
c. Here the slope is -0.195 which indicates the negative relationship between the independent and dependent variable.
As there is a unit change in happyness results in the decrese in the new income by 0.195 thousand dollars.
d) When the value for the happiness is zero the predicted new income is 2.84 thousand dollars.
e) Here the Pvalue for regression coefficient is 0.000 which indicates that the linear relationship is statistically significant at 5% level of significance.
f) we know that Total degrees of freedom = number of observation -1
hence Number of observation = 3533
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