10.83 Predicting college debt: One last measure.
Refer to Exercises 10.75, 10.77, and 10.79. Given the in-state cost prior to and after aid, another measure is the average amount of need-based aid. Create this new variable by subtracting these two costs, and investigate its relationship with average debt. Write a short paragraph summarizing your findings.
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10.83
The effect of need-based aid on average debt is negative; the estimated regression slope is −0.10137, indicating that for every $1000 of need-based aid, the average debt goes down by $101.37, but it is not significant. . There is no significant linear relationship between average debt and need-based aid.