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:

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Condemned or doomed, especially in a religious context to eternal punishment; or used informally to express disapproval.

Chesapeake Politically Unstable

Refers to a period of political instability in the Chesapeake region, historically marked by conflicts and governance issues.

Virginia

A state located on the East Coast of the United States, known for its significant history, including being one of the original 13 colonies.

Maryland

A state located in the Mid-Atlantic region of the United States, known for its rich history and diverse geography.