1.) This is not an incomplete question. It has all the components of the question that was asked. Please help explain. Need help from a prob and stats expert:    Let arr86 be a binary variable equal to 1 if a man was arrested during 1986, and zero otherwise. You have a dataset of young men from California who were born in 1960 or 1961 and have at least one arrest prior to 1986. You also have data on the proportion of prior arrests that led to a conviction (pcnv), the average sentence served from prior convictions in months (avgsen), months spent in prison since age 18 prior to 1986 (tottime), months spent in prison in 1986 (ptime86), and the number of quarters (0 to 4) that the man was legally employed in 1986 (qemp86). You estimate the following linear probability model (standard errors are in parentheses):

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question

1.) This is not an incomplete question. It has all the components of the question that was asked. Please help explain. Need help from a prob and stats expert: 

 

Let arr86 be a binary variable equal to 1 if a man was arrested during 1986, and zero
otherwise. You have a dataset of young men from California who were born in 1960 or
1961 and have at least one arrest prior to 1986. You also have data on the proportion of
prior arrests that led to a conviction (pcnv), the average sentence served from prior
convictions in months (avgsen), months spent in prison since age 18 prior to 1986
(tottime), months spent in prison in 1986 (ptime86), and the number of quarters (0 to 4)
that the man was legally employed in 1986 (qemp86). You estimate the following linear
probability model (standard errors are in parentheses):

The Standard Errors for the equation go in order for each independent variable of the equation, and are below. The equation is extended and is in two separte rows. All information is given.

arr86 = 0.441 - .162pcnv + .0061avgsen - .0023tottime
(.017) (.021) (.0065) (.005)

- .022ptime86 - .043qemp86
(.005) (.005)

n= 2725
R2=.0474

a) Interpret the coefficient on avgsen, commenting on both magnitude and significance. Based on these results, do longer sentences deter future crime?

b) What is the predicted probability of arrest for a man with no prior convictions, so that pcnv, avgsen, tottime, and ptime86 are all zero, who was also employed all four quarters in 1986?

c) Name an alternative model that could be used to estimate this regression instead. Describe one disadvantage of the alternative model.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman