To investigate the tradeoff between time to work and time to sleep, the following equation is estimated: sleep 3,600+0.128totwrk -10.08educ+2.10age 6. (112.14) (0.016) n 700, R2 0.102 Standard errors are in the parentheses (1) Is either educ or age individually significant at the 5% level? Show your work (4.58) (1.35) (2) Dropping educ and age from the equation gives sleep 3,780-0.104totwrk (52.04) (0.012) 700, R2 0.099 n Are educ and age jointly significant in the original equation at the 5% level? Justify your answer

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 4GP
icon
Related questions
Question
To investigate the tradeoff between time to work and time to sleep, the
following equation is estimated:
sleep 3,600+0.128totwrk -10.08educ+2.10age
6.
(112.14) (0.016)
n 700, R2 0.102
Standard errors are in the parentheses
(1) Is either educ or age individually significant at the 5% level? Show your
work
(4.58)
(1.35)
(2) Dropping educ and age from the equation gives
sleep 3,780-0.104totwrk
(52.04) (0.012)
700, R2 0.099
n
Are educ and age jointly significant in the original equation at the 5% level?
Justify your answer
Transcribed Image Text:To investigate the tradeoff between time to work and time to sleep, the following equation is estimated: sleep 3,600+0.128totwrk -10.08educ+2.10age 6. (112.14) (0.016) n 700, R2 0.102 Standard errors are in the parentheses (1) Is either educ or age individually significant at the 5% level? Show your work (4.58) (1.35) (2) Dropping educ and age from the equation gives sleep 3,780-0.104totwrk (52.04) (0.012) 700, R2 0.099 n Are educ and age jointly significant in the original equation at the 5% level? Justify your answer
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 7 steps with 3 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill