[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.

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