i need Part E solution The following table gives the regression results of consumption behaviour betweenfemale and male.Consumption (C), in RMModel 1Model 2Constant0.75150.6587(0.024)(0.037)Y0.86030.5442(0.0301)(0.2881)Gen0.2001(0.0004)Y*Gen0.3105(0.0076)Adjusted R0.780.78No. of Observations4747Note: Y=income (RM)Gen= Gender ( It is equal to 1 if person is female; 0 is for male)Figures in the parentheses are p- valuesa) Identify which are the qualitative, quantitative and interaction variable.Refer to Model 1:b)Write the regression equations for female and male.Draw the regression lines for female and male on the same diagram. What can youc)say?d)Interpret all the estimated slope coefficients.e)Conduct an appropriate test to determine whether variable gender is statisticallysignificant at 5%. Should this variable be dropped from this regression model.

Instruction : "i need Part E solution" Model 1 data is given below :

Answered: Conduct an appropriate test to…

Conduct an appropriate test to determine whether variable gender is statistically significant at 5%. Should this variable be dropped from this regression model. e)

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section: Chapter Questions

Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...

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Question

i need Part E solution

The following table gives the regression results of consumption behaviour between
female and male.
Consumption (C), in RM
Model 1
Model 2
Constant
0.7515
0.6587
(0.024)
(0.037)
Y
0.8603
0.5442
(0.0301)
(0.2881)
Gen
0.2001
(0.0004)
Y*Gen
0.3105
(0.0076)
Adjusted R
0.78
0.78
No. of Observations
47
47
Note: Y=income (RM)
Gen= Gender ( It is equal to 1 if person is female; 0 is for male)
Figures in the parentheses are p- values
a) Identify which are the qualitative, quantitative and interaction variable.
Refer to Model 1:
b)
Write the regression equations for female and male.
Draw the regression lines for female and male on the same diagram. What can you
c)
say?
d)
Interpret all the estimated slope coefficients.
e)
Conduct an appropriate test to determine whether variable gender is statistically
significant at 5%. Should this variable be dropped from this regression model.

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