What Would Happen If Everyone Suddenly Had a College Degree

question 16

Multiple Choice

What would happen if everyone suddenly had a college degree?

• A) Advanced degrees would become less necessary.
• B) The value of a college education would skyrocket.
• C) All people would have white-collar and professional jobs.
• D) The value of a college education would plummet.

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Definitions:

SSE

Stands for Sum of Squared Errors, a measure used in statistics to indicate the difference between the observed and predicted values.

Coefficient Of Determination

A statistical measure, often denoted as R^2, that illustrates the proportion of variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Y-intercept

The point where a line crosses the Y-axis of a graph.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables using a linear equation.