Linear Regression Analysis - Essay Example

?Running head: Linear Regression Exercise Linear Regression Analysis College: The total sample size was 378 2) The mean incomeis $1,485.49 and mean number of hours worked is 33.52 3) The correlation coefficient between the outcome and the predictor variables is 0.3.It is statistically significant at P< 0.001 because it falls between the range of 0-1.The association is positively correlated implying that it is directly proportional. For instance, when the number of hours worked increase so does the income. The correlation between the variables was moderate and positive, r = 0.3, If r is close to 0, it implies that there is less or no relationship between the variables (Bryman and Cramer, 1990). 4) The coefficient of determination(R squared) is 0.09 it is statistically significant at P Read More