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In: Statistics and Probability

Use this regression model I created to answer this question: 1. Interpret the slope estimates in...

Use this regression model I created to answer this question:

1. Interpret the slope estimates in this model, interpret the impact of Income on U5MR, and interpret the R2[square].

Regression Statistics
Multiple R 0.443
R Square 0.197
Adjusted R Square 0.190
Standard Error 35.125
Observations 132
ANOVA
df SS MS F Significance F
Regression 1 39247.449 39247.449 31.811 1.013E-07
Residual 130 160390.937 1233.776
Total 131 199638.386
Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 90.0% Upper 90.0%
Intercept 53.509 3.733 14.336 1.5E-28 46.124 60.893 47.325 59.692
4090 -0.002 0.000 -5.640 1E-07 -0.002 -0.001 -0.002 -0.001

Solutions

Expert Solution

Use this regression model I created to answer this question:

## 1. Interpret the slope estimates in this model, interpret the impact of Income on U5MR, and interpret the R2[square].

Answer : slope estimates is - 0.002

it is negative as 4090 (or x ) value increases by 1 unit y value decreases as - 0.002 units .

it is affect to the predict y value , but as it is very small it will impact but not much .

# R square = coefficient of determintion : = 0.197

variation explained by model is 0.197 that is 19.7 %  

If R squared value is < 0.3 ie 30 % this value is generally considered a None or very weak effect size

our R square value is < 0.3 hence it is consider as very weak effect size .


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