THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 130

Essay

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
= 18.9,and s
= 1.28.
-How would you interpret the slope coefficient b₁?

---

Definitions:

General Cognitive Ability

A measure of an individual's overall mental capacity, including memory, attention, and the ability to understand and process information.

Performance

The action of performing a task or function, commonly used to evaluate how well an activity is executed or a goal is achieved.

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and those of others.

Job Performance

The level at which an individual executes their job responsibilities and tasks, often measured against pre-defined standards.