Consider the following regression estimates (FN2)Linear regressionbelavgabvavgfemalemarried_consb. 1wageO C. 5O d. 4RobustCoef. Std. Err.304784531502022820787-1.063254.0693348-2.751963.9686236 .26126466.699098 .2889831Number of obsF(4, 1255)Prob > FR-squaredRoot MSEt P>|t|-3.490.0010.22 0.826-9.76 0.0003.71 0.00023.18 0.000||||||||||==.456066.132155=-1.661197-.5486894-3.305361==[95% Conf. Interval]1,26056.350.00000.11214.3987assume that MLR 1-6 hold.In the regression above, how many coefficients (including the constant) are statistically significant at the 1% level?a. 3-.4653108.687359-2.1985651.4811877.266042

In order to check that coefficients are statistically significant at the 1% level, we need to check…

Consider the following regression estimates (FN2) Linear regression wage belavg -1.063254 .3047845 abvavg .0693348 .3150202 female -2.751963 .2820787 married .9686236 .2612646 _cons 6.699098 .2889831 0 C. 5 Robust Coef. Std. Err. O d. 4 t Number of obs F(4, 1255) Prob > F R-squared Root MSE P>|t| -3.49 0.001 0.22 0.826 -9.76 0.000 3.71 0.000 23.18 0.000 = = -1.661197 -.5486894 -3.305361 = = [95% Conf. Interval] .45606 6.132155 1,260 56.35 0.0000 0.1121 4.3987 assume that MLR 1-6 hold. In the regression above, how many coefficients (including the constant) are statistically significant at the 1% level? a. 3 O b. 1 -.4653108 .687359 -2.198565 1.481187 7.266042

Consider the following regression estimates (FN2) Linear regression wage belavg -1.063254 .3047845 abvavg .0693348 .3150202 female -2.751963 .2820787 married .9686236 .2612646 _cons 6.699098 .2889831 0 C. 5 Robust Coef. Std. Err. O d. 4 t Number of obs F(4, 1255) Prob > F R-squared Root MSE P>|t| -3.49 0.001 0.22 0.826 -9.76 0.000 3.71 0.000 23.18 0.000 = = -1.661197 -.5486894 -3.305361 = = [95% Conf. Interval] .45606 6.132155 1,260 56.35 0.0000 0.1121 4.3987 assume that MLR 1-6 hold. In the regression above, how many coefficients (including the constant) are statistically significant at the 1% level? a. 3 O b. 1 -.4653108 .687359 -2.198565 1.481187 7.266042

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 2E

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