We try to determine if we can use educational background, interests, and gender to see if an individual's annual income differs

Question

xenn [34]

3 years ago

10

We try to determine if we can use educational background, interests, and gender to see if an individual's annual income differs

in terms of their educational background, which test should we use

Business

1 answer:

MrRa [10] · Answer 1 · 2022-04-11T05:49:47+03:00

Answer:

Multiple regression

Explanation:

With regards to the above, multiple regression can be used to determine one educational background, interest and gender so as to see if there is a variation in terms of individual's annual income as it relates to their educational background.

Multiple regression basically is a mathematical model, which is used when one value is matched with two or more variables. Here, the value is a stand alone, which is why we study, while the variables are dependent; hence are factors that required to be checked and why the whole analysis is being conducted.

In the above scenario, the value being represented is 'annual income' which is independent, while educational background, interest and gender are variables which are independent.