Answer letters C and D. To determine the endogenous variables and exogenous variables use the given diagram in the image. Consider the R outputs from the conducted path analysis.Dependent variable: YCoefficients:Estimate Std. Error t value Pr(|t|)7088,72152.0(Intercept)335.720368.80.0470.9639.465 2.07e-08 ***---Signif. codes: 0 ***** 0.001 **** 0.01 **' 0.05 '.' 0.1' '1Residual standard error: 17450 on 18 degrees of freedomMultiple R-squared: 0.8327,F-statistic: 89.58 on 1 and 18 DF, p-value: 2.068e-08Adjusted R-squared: 0.8234 Im.beta(fit.Y)0.9125181Dependent variable: ZCoefficients:Estimate Std. Error t value Pr(|t|)0.0782 .-1.294 0.21298.035e-01 4.934e-02 16.285 8.34e-12 ***(Intercept) 6.757e+03 3.605e+03-1.719e+03 1.328e+031.874Y---Signif. codes: 0 ***** 0.001 ***' 0.01 *' 0.05 '.' 0.1 ·'1Residual standard error: 5627 on 17 degrees of freedomMultiple R-squared: 0.972, Adjusted R-squared: 0.9687F-statistic: 294.9 on 2 and 17 DF, p-value: 6.357e-14 Im.beta(fit.Z)-0.08338779 1.04924122Dependent variable: ACoefficients:Estimate Std. Error t value Pr(|t|)(Intercept) -1833.0488 1878.3151 -0.976 0.34459-1575.6756 1095.0959 -1.439 0.17073-278.84820.4128-0.2370W703.7910 -0.396 0.697530.13610.13953.032 0.00841 **-1.699 0.10999Y--Signif. codes: 0 ***** 0.001 ***' 0.01 **' 0.05 '.' 0.1''1Residual standard error: 2656 on 15 degrees of freedomMultiple R-squared: 0.8928,F-statistic: 31.24 on 4 and 15 DF, p-value: 4.088e-07Adjusted R-squared: 0.8643 Im.beta(fit.A)-0.40652867 -0.05965043 2.37732884 -1.04538544c. Identify the factors affecting the endogenous variables. Leave blank if variable isexogenous.W:X:Y:Z:A:d. Illustrate the output path diagram including the estimated path coefficients. A researcher wants to determine the causal relationship among number of familymembers who are at least high school graduate (W), number of working familymembers (X), monthly gross income (Y), monthly expenditure (Z), and averagemonthly bank deposits (A). A random sample of 20 families was selected and thedata on the variables were collected (see household.xslx). Consider the following pathdiagram:EYYAZEAEz

Question

Answer letters C and D. To determine the endogenous variables and exogenous variables use the given diagram in the image. Consider the R outputs from the conducted path analysis.Dependent variable: YCoefficients:Estimate Std. Error t value Pr(>|t|)7088,72152.0(Intercept)335.720368.80.0470.9639.465 2.07e-08 ***---Signif. codes: 0 ***** 0.001 **** 0.01 **' 0.05 '.' 0.1' '1Residual standard error: 17450 on 18 degrees of freedomMultiple R-squared: 0.8327,F-statistic: 89.58 on 1 and 18 DF, p-value: 2.068e-08Adjusted R-squared: 0.8234> Im.beta(fit.Y)0.9125181Dependent variable: ZCoefficients:Estimate Std. Error t value Pr(>|t|)0.0782 .-1.294 0.21298.035e-01 4.934e-02 16.285 8.34e-12 ***(Intercept) 6.757e+03 3.605e+03-1.719e+03 1.328e+031.874Y---Signif. codes: 0 ***** 0.001 ***' 0.01 *' 0.05 '.' 0.1 ·'1Residual standard error: 5627 on 17 degrees of freedomMultiple R-squared: 0.972, Adjusted R-squared: 0.9687F-statistic: 294.9 on 2 and 17 DF, p-value: 6.357e-14> Im.beta(fit.Z)-0.08338779 1.04924122Dependent variable: ACoefficients:Estimate Std. Error t value Pr(>|t|)(Intercept) -1833.0488 1878.3151 -0.976 0.34459-1575.6756 1095.0959 -1.439 0.17073-278.84820.4128-0.2370W703.7910 -0.396 0.697530.13610.13953.032 0.00841 **-1.699 0.10999Y--Signif. codes: 0 ***** 0.001 ***' 0.01 **' 0.05 '.' 0.1''1Residual standard error: 2656 on 15 degrees of freedomMultiple R-squared: 0.8928,F-statistic: 31.24 on 4 and 15 DF, p-value: 4.088e-07Adjusted R-squared: 0.8643> Im.beta(fit.A)-0.40652867 -0.05965043 2.37732884 -1.04538544c. Identify the factors affecting the endogenous variables. Leave blank if variable isexogenous.W:X:Y:Z:A:d. Illustrate the output path diagram including the estimated path coefficients. A researcher wants to determine the causal relationship among number of familymembers who are at least high school graduate (W), number of working familymembers (X), monthly gross income (Y), monthly expenditure (Z), and averagemonthly bank deposits (A). A random sample of 20 families was selected and thedata on the variables were collected (see household.xslx). Consider the following pathdiagram:EYYAZEAEz

Accepted Answer

In a statistical model, an endogenous variable is a dependent variable which gets effected or…