We have a last assignment for my poli sci stat class and these two have really got me stumped. We really didn't go over multiple regression very well so if anybody can help, I appreciate it!
Your dependent variable is “Child Deaths,” and your independent variables include a dummy variable called “Southern Hemisphere” (which is also your independent variable of interest) and an adequate set of seven control variables (including population). The regression coefficient for the “Southern Hemisphere” variable is -426. Write a single sentence expressing your interpretation of this coefficient. (Note: Please keep in mind that this is a multiple regression!).
Your standard error of b from problem 9 above is 246. What are the implications of this?