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Shown below is a portion of a computer output for a regression analysis relating y (dependent variable) and x (independent variable).
a.Perform a t test and determine whether or not y and x are related. Use 0.05.
b.Compute the coefficient of determination and fully interpret the meaning. Be very specific.
Negative Income Tax
A fiscal mechanism where people earning below a certain income threshold receive supplemental pay from the government instead of paying taxes.
Poverty Reduction
The process or strategies aimed at decreasing the number of people living in poverty and improving the living conditions of the poor.
In-Kind Transfers
Non-monetary transfers of goods or services provided directly to individuals by governments or organizations as part of welfare programs.
Earned Income Tax Credit
The Earned Income Tax Credit is a refundable tax credit in certain jurisdictions intended to benefit working individuals and families, especially those with lower incomes.
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