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Suppose a movie studio has surveyed 1,000 random 18-22 year olds to see if they've watched their latest movie, and they wish to estimate the following regression model using OLS: Watched; = Bo+B₁ Student; + B2 In(Parental Income;) + ui Where Watched = 1 if person i has watched the movie (and 0 otherwise), Studenti = 1 if person i was a student (and 0 otherwise), and In(Parental Income) is the natural log of person i's parents' income. The OLS estimate of the parameter will tell us... Bo The percent of students who watched the movie. The likelihood of a non-student with parent's income of $0 having watched the movie. The likelihood of a non-student having watched the movie. The difference in the likelihood of watching the movie between a student and a non-student, controlling for parental income.

Suppose a movie studio has surveyed 1,000 random 18-22 year olds to see if they've watched their latest movie, and they wish to estimate the following regression model using OLS: Watched; = Bo+B₁ Student; + B2 In(Parental Income;) + ui Where Watched = 1 if person i has watched the movie (and 0 otherwise), Studenti = 1 if person i was a student (and 0 otherwise), and In(Parental Income) is the natural log of person i's parents' income. The OLS estimate of the parameter will tell us... Bo The percent of students who watched the movie. The likelihood of a non-student with parent's income of $0 having watched the movie. The likelihood of a non-student having watched the movie. The difference in the likelihood of watching the movie between a student and a non-student, controlling for parental income.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Suppose a movie studio has surveyed 1,000 random 18-22 year olds to see if they've watched their latest movie, and they wish to estimate the following regression model using OLS: Watched; = Bo+B₁ Student; + B2 In(Parental Income;) + ui Where Watched = 1 if person i has watched the movie (and 0 otherwise), Studenti = 1 if person i was a student (and 0 otherwise), and In(Parental Income) is the natural log of person i's parents' income. The OLS estimate of the parameter will tell us... Bo The percent of students who watched the movie. The likelihood of a non-student with parent's income of $0 having watched the movie. The likelihood of a non-student having watched the movie. The difference in the likelihood of watching the movie between a student and a non-student, controlling for parental income.
Transcribed Image Text:Suppose a movie studio has surveyed 1,000 random 18-22 year olds to see if they've watched their latest movie, and they wish to estimate the following regression model using OLS: Watched; = Bo+B₁ Student; + B2 In(Parental Income;) + ui Where Watched = 1 if person i has watched the movie (and 0 otherwise), Studenti = 1 if person i was a student (and 0 otherwise), and In(Parental Income) is the natural log of person i's parents' income. The OLS estimate of the parameter will tell us... Bo The percent of students who watched the movie. The likelihood of a non-student with parent's income of $0 having watched the movie. The likelihood of a non-student having watched the movie. The difference in the likelihood of watching the movie between a student and a non-student, controlling for parental income.
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