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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In a recent survey,250 adults were asked about their monthly expenditures (in dollars)on the lottery.In addition,data were collected about the number of years of education they had.A simple regression was run,and the following results were obtained: b0 = 35.6,b1 = -2.37,s THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: In a recent survey,250 adults were asked about their monthly expenditures (in dollars)on the lottery.In addition,data were collected about the number of years of education they had.A simple regression was run,and the following results were obtained: b<sub>0</sub> = 35.6,b<sub>1</sub> = -2.37,s = 18.9,and s = 1.28. -How would you interpret the slope coefficient b<sub>1</sub>?
= 18.9,and s THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: In a recent survey,250 adults were asked about their monthly expenditures (in dollars)on the lottery.In addition,data were collected about the number of years of education they had.A simple regression was run,and the following results were obtained: b<sub>0</sub> = 35.6,b<sub>1</sub> = -2.37,s = 18.9,and s = 1.28. -How would you interpret the slope coefficient b<sub>1</sub>?
= 1.28.
-How would you interpret the slope coefficient b1?

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