What Is the Slope of the Linear Regression Prediction Equation

question 22

Multiple Choice

What is the slope of the linear regression prediction equation if a person with 12 years of schooling earns $31,000 per year and a person with 13 years of schooling earns $32,500 per year?

• A)1
• B)12
• C)13
• D)1,500

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Definitions:

Counterpoint

A technique in music wherein two or more voices independently harmonize with each other.

Stratification

The arrangement or classification of something, often society, into different groups or layers based on characteristics like wealth, race, or social status.

Capitalist Societies

Societies characterized by private or corporate ownership of capital goods, by investments determined by private decision, and by prices, production, and the distribution of goods determined mainly by competition in a free market.

Class Status

An individual's or group’s position within a hierarchical social structure influenced by factors like wealth, occupation, education, and lineage.