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Wage=β1+ β2(IQ)
- Wage= Dependent
- IQ= Independent
- β1= Intercept
- β2= Slope
In the question, it is asked that if the IQ will be increased by 15 points, Does IQ explain most of
the variation in wage. So for that second equation will be quoted.
Wage=116.99 + 8.30*(IQ+15)------2
After solving these both,
Wage= 8.30*15=124.5
Ans- R Square is known as the degree of determination. It helps to find the degree of level of
correlation between the independent and the dependent variable in the dataset that helps to
predict the dependent variable. R Squared is the ratio between the residual sum of squares and
the total sum of squares.
R Square is the ratio between the Sum of square explained (Regression) and the sum of square
total.
R square= SSE/SST