Suppose You Regress the Number of Days That Individuals Report

question 22

Essay

Suppose you regress the number of days that individuals report having hunted in the past year on years of education and that you get the results in Figure 5.3. SUMMARY OUTPUT

$\begin{array}{lc}\hline \text { Regression Statistics } & \\\hline \text { Multiple R. } & 0.069296763 \\\text { R. Square } & 0.004802041 \\\text { Adjasted R Square } & 0.004749178 \\\text { Standard Error } & 9.950755489 \\\text { Observations } & 18828 \\\hline\end{array}$

$\begin{array}{l}\text { ANOVA }\\\begin{array}{lccccc}\hline & d f & S S & \text { MS } & F & \text { Significance F } \\\hline \text { Regression } & 1 & 8994.697853 & 8994.697853 & 90.83944446 & 1.74217 \mathrm{E}-21 \\\text { Residual } & 18826 & 1864104.11 & 99.0175348 & & \\\text { Total } & 18827 & 1873098.808 & & & \\\hline\end{array}\end{array}$

$\begin{array}{lcccccc}\hline & \text { Coefficients } & \text { Standard Error } & t \text { Stat } & \text { P-value } & \text { Lower 95\% } & \text { Upper 95\% } \\\hline \text { Intercept } & 6.8799 & 0.4320 & 15.9260 & 0.0000 & 6.0331 & 7.7266 \\\text { Years of Education } & -0.2969 & 0.0312 & -9.5310 & 0.0000 & -0.3580 & -0.2358 \\\hline\end{array}$
$\text { Figure } 5.3$
What would you conclude about the statistical significance of the estimated sample regression function? The estimated intercept? The estimated slope coefficient? Explain.

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Definitions:

Externally Oriented

Describes individuals or behaviors that are heavily influenced by external factors and the external environment rather than internal thoughts and feelings.

Internally Oriented

A focus or emphasis on internal thoughts, feelings, and motivations rather than external circumstances or stimuli.

Self-Efficacy

Confidence in one's ability to control one's motivation, behavior, and social environment, crucial for achieving goals.

Autonomy

The capacity to make an informed, uncoerced decision independently, often discussed in the context of personal development and ethics.