I need the answer to letter a. Round to one decimal place as needed. Income Educ

Question

I need the answer to letter a. Round to one decimal place as needed. Income Education 39639 HighSchool 1CreditScoreAgeI 534 28 1038 HighSchool 1076 HighSchool 578 33 782 HighSchool 597 491 1261|HighSchool 32 565 471101 Bachelor 572 41 533 Bachelor 551400 Bachelor 593381567 Graduate 1163 HighSchool 35 1231 High School 603 985 Bachelor 607411263 Bachelor 1115 Bachelor 1204 Bachelor 613441113 HighSchool 616451 616 1182 HighSchool 617 622 34 1870 Bachelor 623 431495 Bachelor 625 33 620 Bachelor 633 636 1562 HighSchool 1366 HighSchool 685 Bachelor 55 792 Bachelor 1256 HighSchool 1095 Bachelor 922 Bachelor 421323 Bachelor 541623 Graduate 655 655 915 Bachelor 1003 Graduate 1588 Graduate 659 791 HighSchool

Explanation / Answer

Following is the data set with dummy variables:

Following is the output of regression analysis:

The required model is:

y' = 466.36+0.04*x1 +1.95*x2+46.81*x3+81.04*x4+41.00*x5

Credit_Score Income_($), X1 Age, X2 Ed1, X3 Ed2, X4 Res, X5 592 1383 55 1 0 1 702 1707 65 1 0 0 663 801 44 0 0 1 634 694 42 1 0 1 595 1156 35 0 0 0 598 1555 38 0 1 0 673 895 25 0 1 1 610 1246 40 1 0 1 754 1076 33 1 0 1 620 1554 41 0 0 1 690 719 42 1 0 1 573 558 41 1 0 0 699 1227 35 1 0 1 651 1343 44 1 0 1 807 1400 52 0 1 1 599 1273 51 0 0 0 735 1513 55 1 0 1 698 1801 52 0 0 1 696 1163 51 1 0 0 739 1294 41 1 0 1 671 1404 50 1 0 0 694 1879 49 1 0 1 580 762 33 0 0 1 682 1154 34 1 0 1 617 1121 45 0 0 0 675 992 45 1 0 0 621 615 33 1 0 0 556 1087 34 0 0 1 621 1177 57 0 0 1 681 1813 46 0 0 1 536 1019 28 0 0 0 635 1380 38 0 0 1 621 1852 33 1 0 0 642 1090 49 1 0 1 635 777 55 1 0 1 657 921 43 1 0 0 784 1435 60 1 0 1 718 1577 54 0 0 1 639 913 52 1 0 0 687 1097 46 0 1 0

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