[Solved] Regression line was calculated to relate the income of the parents as an indicator to poverty levels for 1010 children. The line was found, Income=
Question: Regression line was calculated to relate the income of the parents as an indicator to poverty levels for 1010 children.
The line was found,
Income= 14+ 2.7 U- 0.06C
(R squared= 20.54)
| Dependant Variable | Coefficient | St Dev |
| Constant | 14 | 1.5 |
| U | 2.7 | 1.06 |
| C | -0.06 | 0.04 |
Where U is dummy variable with a value of zero for rural and one for urban children and C is variable measuring the size of the family
Interpret this regression equation
Suggest two other variables which might be included in quotation, giving reasons for your choice.
Deliverable: Word Document 