Suppose you would like to test the null hypothesis that career batting average, home runs per year, and runs batted in per year have no effect on the salaries of baseball players, once the effects of years of experience and games played per year have been controlled for. This null hypothesis includes which of the following exclusion restrictions? Check all that apply. O Bo = 0 O B4 = 0 O B1 = 0 O B3 = 0 O B2 = 0 B5 = 0 To test the null hypothesis, you estimate the following restricted model:
Suppose you would like to test the null hypothesis that career batting average, home runs per year, and runs batted in per year have no effect on the salaries of baseball players, once the effects of years of experience and games played per year have been controlled for. This null hypothesis includes which of the following exclusion restrictions? Check all that apply. O Bo = 0 O B4 = 0 O B1 = 0 O B3 = 0 O B2 = 0 B5 = 0 To test the null hypothesis, you estimate the following restricted model:
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Author:Bruce Crauder, Benny Evans, Alan Noell
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Chapter5: A Survey Of Other Common Functions
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Transcribed Image Text:14. Testing multiple linear restrictions with the F test
Suppose a data set of 350 observations (N=350) was analyzed using OLS to examine the factors that influence the salaries of professional baseball
players. The regression results are as follows, with standard errors in parentheses:
log(salary) = 12.1 + 0.08 years + 0.02 gamesyr + 0.0007 bavg + 0.02 hrunsyr + 0.012 rbisyr
(0.25)
(0.025)
(0.004)
(0.002)
(0.015)
(0.008)
where
salary
= total salary in 2003
years = years in the league
bavg = career batting average
gamesyr = average games played per year
hrunsyr = home runs per year
rbisyr
= runs batted in per year
R = 0.611
SSR = 199.32
Transcribed Image Text:Suppose you would like to test the null hypothesis that career batting average, home runs per year, and runs batted in per year have no effect on the
salaries of baseball players, once the effects of years of experience and games played per year have been controlled for.
This null hypothesis includes which of the following exclusion restrictions? Check all that apply.
O Bo = 0
O B4 = 0
B1 = 0
B3 = 0
B2 = 0
O B5 = 0
To test the null hypothesis, you estimate the following restricted model:
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