Re: Semester 2 Chatter Thread
This thing is impossible for us number noods. Might I just ask if you get why the constant goes down in model 2 and model 3?
Thanks JB!!jb_nc said:R squared means if the data is linerar. i.e. a R closer to 1 suggests that as the independent variable rises, the dependant variable rises, too.
P-values are levels of confidence, to convert into a percentage for non-statisticians, do (1 - p)*100 and it will give you the percentage of significance. So 0.05 < 0.01 < 0.001 in terms of confidence. A p-value of 0.001 suggests almost complete certainty.
I can't really interpret much because I don't have the full study. I think it's saying $59 431 is the median income for that sample size (n) and they can say with near certainty that being a female removes $13 783 from your income ceteris paribus.
This thing is impossible for us number noods. Might I just ask if you get why the constant goes down in model 2 and model 3?