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Interpret the Slope and the Y-Intercept of the Least-Squares Regression y^=β0+β1x\hat { y } = \beta _ { 0 } + \beta _ { 1 } x

question 15

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Interpret the Slope and the y-intercept of the Least-Squares Regression Line
-Is there a relationship between the raises administrators at State University receive and their performance on the job? A faculty group wants to determine whether job rating (x) is a useful linear predictor of raise (y) . Consequently, the group considered the straight-line regression model, y^=β0+β1x\hat { y } = \beta _ { 0 } + \beta _ { 1 } x . Using the method of least squares, the faculty group obtained the following prediction equation, y=14,000+2,000x\mathrm { y } = 14,000 + 2,000 \mathrm { x } . Interpret the estimated slope of the line.

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Definitions:

Retaining Face

The act of preserving one's reputation, dignity, or respect in social interactions, often through managing impressions others have.

Ethnomethodology

A sociological perspective focusing on how people make sense of their everyday world through the social practices they engage in.

Trivial Matters

Issues or subjects that are of little importance or significance.

Macro-Level Sociology

The study of large-scale social processes and structures, examining how broad social forces shape collective human behavior.

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