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Table 4: Predictive Model/Regression Equation for Elementary Teachers' Wages
(R2=0.637, N=39)

Coefficient Standard Error t-Value Significance
Constant 7.908 1.860 4.252 0.000
Industry Wage (SIC 82) 4.211E-04 0.000 5.114 0.000
Unionization Level 2.000E-02 0.010 2.104 0.043
Elementary Teacher Employment 2.436E-05 0.000 2.410 0.021

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