Interpret the following output. Interpret all of the coefficients (standardized and unstandardized). Specifically, R-Squared, unstandardized beta, standardized beta, and the constant. Your dependent variable is EDUC (years of education completed). (White is the reference category).
Model Summary
Adjusted R Square: 0.021
Std. Error of the Estimate: 2.943
a. Predictors: Constant, Other race, Black dummy
Coefficientsa
Unstandardized Coefficients Standardized Coefficients
Model B Std. Error Beta t Sig.
(Constant) 13.980 0.072 195.383 0.000
Black -0.608 0.166 -0.076 -3.652 0.001
dummy Other race 1.296 0.193 -0.139 -6.708 <.001
a. Dependent Variable: Highest year of school completed