This Regression Analysis Examines the Relationship Between the Number of Years

question 29

Multiple Choice

This regression analysis examines the relationship between the number of years of formal
Education a person has and their annual income. According to this model, about how much more
Money do people who finish a 4-year college program earn each year, on average, than those with
Only a 2-year degree? Dependent variable is Income
R-squared $= 25.8 \%$
$\mathrm { s } = 3888$ with 57 degrees of freedom
$\begin{array} { l c c } \text { Variable } & \text { Coefficient } & \text { s.e. of Coeff } \\ \text { Constant } & 3984.45 & 6600 \\ \text { Education } & 2668.45 & 600.1 \end{array}$

• A) $7968
• B) $5337
• C) $9321
• D) $2006
• E) $2710

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Definitions:

Accommodation

The process of adapting or adjusting one's cognitive structures to incorporate new information from the environment.

Cognitive Development Theory

A theory that describes how thinking and reasoning develop through various stages over the course of a person's life.

Schema

A cognitive framework or concept that helps organize and interpret information, allowing an individual to understand complex experiences and information.

Egocentrism

A cognitive bias where individuals overemphasize their own perspective and struggles to see situations from others' viewpoints.