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Assignment 3
Assignment 3
ASSIGNMENT NO #3
CLASS: MBA
Q2: what is the impact of debt on income for person with high school
degree?
d3 <- subset(Dataset, subset=ed=="High school degree")
RegModel.4 <- lm(income~tdebt, data=d3)
summary(RegModel.4)
Coefficients:Estimate Std. Error t value Pr(>|t|)
(Intercept) 26.0684 2.4812 10.51 <2e-16 ***
Total debt 4.7148 0.4102 11.49 <2e-16 ***
Interpretation: it have positive relation and when debt increase by 1% so the income will
increase by 4.7148%.