Dependent variable using multiple regression analysis

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Reference no: EM1314949

Regression equation to predict the dependent variable using multiple regression analysis:

An expert witness in a case of alleged racial discrimination in a state university school of nursing introduced a regression of the determinants of Salary of each professor for each year during an 8-year period (n = 423) with the following results, with dependent variable Year (year in which the salary was observed) and predictors Year Hire(year when the individual was hired), Race (1 if individual is black, 0 otherwise), and Rank (1 if individual is an assistant professor, 0 otherwise). Interpret these results.

Variable	Coefficient	t	p
Intercept	-3,816,521	-29.4	.000
Year	1,948	29.8	.000
Year Hire	-826	-5.5	.000
Race	-2,093	-4.3	.000
Rank	-6,438	-22.3	.000
R2 = 0.811	R2adj = 0.809	s = 3,318

Reference no: EM1314949

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