Sample Test Questions for Test4 We will use Question 15.33 page 746 as an exampl

Question

Sample Test Questions for Test4 We will use Question 15.33 page 746 as an example. You should be able to answer the following 14 questions. 1. A person will a bachelors degree will have an average credit score of than You will have to use the "dummy" variable created for the Education. High school grad? The coding scheme Problem 15.33, page 746 SUMMARY OUTPUT Regression Statistics Multiple R 0.550298833 R Square 0.302828805 Adjusted R 0.252125446 Standard Er 50.24672988 Observations ANOVA ance F 60316.487 15079.12187 2524.733864 5.972558966 0.0004588 Regression Residual Total Coefficients tandard Err t Stat P-value Intercept481.1804233 39.680454 12.12638407 Income 0.031908159 0.0220058 1.449987114 Age educ1 53.89202384 21.818783 2.469983043 0.016642683 educ2 3.59649E-17 0.15274102 2.405919717 0.862565 2.78926178 0.007243593 8250771 37.64496046 15.472272 2.433059638 0.01 educ1 educ2 Dummy Coding High School Bachelor Graduate

Explanation / Answer

From the multiple regression equation,

it can be seen that

1. A person with a bachelor's degree will have an average credit score of 53.89202384 (coefficient of educ 1) greater than High school grad.

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