Results

Correlation

Correlation Table

Variable WEALTH ID EARNS INCOME SAVING

Assumption checks

Shapiro-Wilk Test for Bivariate Normality

Shapiro-Wilk p

WEALTH - ID 0.921 < .001

WEALTH - EARNS 0.960 0.018
WEALTH - INCOME 0.944 0.002
WEALTH - SAVING 0.902 < .001
ID - EARNS 0.946 0.003
ID - INCOME 0.983 0.404
ID - SAVING 0.905 < .001
EARNS - INCOME 0.957 0.011
EARNS - SAVING 0.917 < .001
INCOME - SAVING 0.890 < .001
Descriptive Statistics

Descriptive Statistics

WEALTH ID EARNS INCOME SAVING

Valid 76 76 76 76 76
Missing 0 0 0 0 0
Median 1.925 49.500 1.945 2.175 0.125
Mean 1.636 49.855 1.940 2.189 0.040
Std. Deviation 1.442 29.482 0.388 0.344 1.272
Minimum −3.000 2.000 0.410 1.370 −5.120
Maximum 3.790 100.000 2.830 2.960 3.230
Q-Q Plots

WEALTH

ID
EARNS

INCOME
SAVING
Correlation

Spearman's Correlations

Variable WEALTH EARNS INCOME SAVING

1. WEALTH Spearman's rho —

p-value —

2. EARNS Spearman's rho 0.193 —

p-value 0.095 —

3. INCOME Spearman's rho 0.468*** 0.663*** —

p-value < .001 < .001 —

4. SAVING Spearman's rho 0.217 0.141 0.245* —

p-value 0.060 0.224 0.033 —
* p < .05, ** p < .01, *** p < .001

Assumption checks

Shapiro-Wilk Test for Bivariate Normality

Shapiro-Wilk p

WEALTH - EARNS 0.960 0.018

WEALTH - INCOME 0.944 0.002
WEALTH - SAVING 0.902 < .001
EARNS - INCOME 0.957 0.011
EARNS - SAVING 0.917 < .001
INCOME - SAVING 0.890 < .001
Linear Regression

Model Summary - WEALTH

Durbin-Watson
Model R R² Adjusted R² RMSE Autocorrelation Statistic p

H₀ 0.000 0.000 0.000 1.442 −0.190 2.359 0.114

H₁ 0.468 0.219 0.175 1.309 −0.291 2.567 0.015

ANOVA

Model Sum of Squares df Mean Square F p

H₁ Regression 34.206 4 8.552 4.988 0.001

Residual 121.713 71 1.714
Total 155.920 75
Note. The intercept model is omitted, as no meaningful information can be shown.

Coefficients

Collinearity Statistics
Model Unstandardized Standard Error Standardized t p Tolerance VIF

H₀ (Intercept) 1.636 0.165 9.892 < .001

H₁ (Intercept) −2.281 1.015 −2.247 0.028

ID 0.001 0.005 0.027 0.260 0.795 0.995 1.005
EARNS −0.586 0.540 −0.157 −1.085 0.281 0.522 1.915
INCOME 2.277 0.609 0.543 3.741 < .001 0.522 1.917
SAVING 0.093 0.120 0.082 0.770 0.444 0.975 1.025

Collinearity Diagnostics

Variance Proportions
Model Dimension Eigenvalue Condition Index (Intercept) ID EARNS INCOME SAVING

H₁ 1 3.769 1.000 0.002 0.015 0.001 0.001 0.000

2 0.997 1.944 0.000 0.000 0.000 0.000 0.976
3 0.207 4.264 0.006 0.954 0.009 0.005 0.000
4 0.018 14.341 0.676 0.031 0.463 0.002 0.022
5 0.008 21.362 0.317 0.000 0.527 0.992 0.002
Note. The intercept model is omitted, as no meaningful information can be shown.