2 Consider a decision problem having environmental states X {x1, x2, x3} with P(X = x1) = 0.21, P(X = x2) = 0.43 and P(X = x3) = 0.36. %3D %3D ippose survey information is available for this decision problem in the form of a survey variable {$1, $2, $3} for which historical data suggests that Environment X
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- Consider a regression with two variables, in which X1i is the variable of interest and X2i is the control variable. The zero conditional mean assumption requires Group of answer choices E(ui|X1i) = E(ui|X2i) E(ui|X1i, X2i) = E(ui|X1i) E(ui|X1i, X2i) = 0 E(ui) = E(ui|X2i)The authors of a paper investigated whether water temperature was related to how far a salamander would swim and whether it would swim upstream or downstream. Data for 14 streams with different mean water temperatures where salamander larvae were released are given (approximated from a graph that appeared in the paper). The two variables of interest are x = mean water temperature (°C) and y = net directionality, which was defined as the difference in the relative frequency of the released salamander larvae moving upstream and the relative frequency of released salamander larvae moving downstream. A positive value of net directionality means a higher proportion were moving upstream than downstream. A negative value of net directionality means a higher proportion were moving downstream than upstream. y 0.3 0.2 Mean Temperature (x) 0.1 0.0 -0.1 6.22 8.01 5 8.67 10.61 12.5 11.94 12.55 18.03 18.24 (a) Construct a scatterplot of the data. 19.94 20.3 19.02 17.78 19.67 USE SALT Net…1) The population regression function for the 2-variable model is Y,= B, + B,X, +U, Where Ui is used as a surrogate for all the variables omitted from the regression but collectively effect Y₁, why then not use a multiple regression with all the necessary variables included?
- Interpret the partial slope of work fulfillment in a sentence.This dataset continues our saga of modeling the price of this popular Honda automobile. The dataset has now been cleaned to remove the columns with the dealership where the car was offered for sale and specific trim. (a) write out your model in econometric notation. Be very precise! (b) using the 93 observations in the dataset, estimate a model where price is a function of age, mileage and trim of the car. Be sure to avoid the dummy variable trap!! Fully report the results of your model. In this case, interpretation of the coefficients on the dummy variables is particularly important. (c) test the hypothesis that the specific trim does not affect the price of a Civic. Be sure to do all parts of the hypothesis test. (please fully describe steps if you are using Excel) Price Years Old KM EX EXT SE Sport Touring 6555 9 290363 0 0 0 0 0 9999 9 142258 0 0 0 0 0 10281 6 132644 0 0 0 0 0 12480 5 167125 0 0 0 0 0 12991 7 57398 0 0 0 0 0 12991 6 93046 0 0 0 0 0 12991…A random sample of n = 25 students in Gwinnett County schools were chosen to participate in a study about remote / digital study. Of the 25 students, 20 reported the Google Classroom provides the best access to digital content. %3D Which statement best describes the population and true parameter of this scenario? O The population is all students in Gwinnett County school; the parameter is the proportion of students that believe Google Classroom provides the best access to digital content The population is all students who participated in the remote / digital learning in Gwinnett County; the parameter is reported proportion of students that believe Google Classroom provides the best access to digital content The population is all students who participated in the remote / digital learning3B the parameter is the true proportion of students that believe Google Classroom provides the best access to digital content O The population is the 25 students who participated in the remote / digital…
- The following is the result of the multiple linear regression analysis in STATISTICA, where the response Y = lung capacity of a person, xage = age of the person in years, xheight = height of the person in inches, = a categorical variable with 2 levels (0 = non- X smoke smoker, 1 = smoker), and xCaesarean = a categorical variable with 2 levels (0 = normal delivery, 1 = %3D %3D Caesarean-section delivery). b* Std.Err. Std.Err. t(720) p-value N=725 Intercept Age Height Smoke Caesarean of b 0.467772 0.017626 of b* -11.8001 0.1372 0.2790 -0.6407 -25.2263 7.7846 28.6552 -5.0142 0.000000 0.000000 0.000000 0.206427 0.026517 0.026340 0.754765 -0.074205 -0.033054 0.009735 0. 127774 0.092146 0.000001 0.022851 0.014799 0.014492 -0.2102 -2.2808 What is the predicted lung capacity of an 14-year old non-smoker whose height is 71 inches born by normal delivery? (final answer to 4 decimal places)You were asked to help with analysis of birth weights (BW) of 10,000 infants born in NYC during a certain period of time. The aim of the analysis is to see whether the birth weights of the infants are associated with mothers AGE at birth (continuous variable in years) and mothers smoking status (the maternal smoking status MSS contains 4 categories “Non-smoker”, “Past-smoker”, “Passive-smoker”, “Smoker”) and NYC boroughs (the BOROUGH variable contains 5 categories “Manhattan”, “Bronx”, “Brooklyn”, “Queens” and “Staten Island”). Questions: 1.Write down the population model that estimates BW based on variables AGE and BOROUGH(with the dummy variables). Make sure that it is clear what each predictor means. 2.How many parallel lines are computed by model from population model you created above? 3.Write down the population model that estimates BW based on variables AGE, MSS(with their dummy variables) and BOROUGH(with their dummy variables). Also write down the number of parrallel lines.…assessment.casa.uh.edu/Assessment/Root/Pages/TestTaker/Quiz.aspx?id=2F507231-0111-4CFC-8C26-F38ED05C3949 f) O None of the above Review Later Question 7 If the LSRL relating the independent variable x and the dependent variable y for a given problem is ŷ = 2x + 4, then an increase of 1 unit in x is associated with an increase of how many units in y? a) 06 b) 00 d) O1 e) 04 Review Late
- Suppose x1 and x2 are predictor variables for a response variable y. a. The distribution of all possible values of the response variable corresponding to particular values of the two predictor variables is called a distribution of the response variable. b. State the four assumptions for multiple linear regression inferences.Show calculations or explanation for each question. a) Which of the following techniques is used to predict the value of one variable on thebasis of other variables?a. Correlation analysisb. Coefficient of correlationc. Covarianced. Regression analysis b) In the least squares regression line, y^=3-2x the predicted value of y equals:a. 1.0 when x = −1.0b. 2.0 when x = 1.0c. 2.0 when x = −1.0d. 1.0 when x = 1.0 c) In the simple linear regression model, the y-intercept represents the:a. change in y per unit change in x.b. change in x per unit change in y.c. value of y when x = 0.d. value of x when y = 0.Use the data in the table below, which shows the employment status of individuals in a particular town by age group. Part-time Unemployed Age Full-time 0-17 25 187 252 18-25 391 200 199 26-34 434 66 22 35-49 562 192 149 50+ 461 170 237 If a person is randomly chosen from the town's population, what is the probability that the person is under 18 or employed part-time?
