Hi, Based on the attachment:Suppose that in West Hartford median household income is $60,000, and all other characteristics are the same as the average district. What percent of voters would vote yes in West Hartford? Would a bond initiative pass? 4.Spending on school renovations and new construction is financed through localbond elections. A bond initiative needs at least 50% approval (yes votes) in orderto pass. You are hired by the state of Connecticut to examine the determinants ofyes votes on local bond initiatives. To examine that issue, you estimate thefollowing model:%Yes, = B, + B,Income, + B,Coll, + B,Children, + B, Private, + e,where %Yes, is the % of voters in school district įwho vote in favor of a bondissue, Income, is median household income in district i(measured in thousands ofdollars), Coll, is the percent of voters with a college degree or higher in district i,Children, is the % of voters with school-age children and Private, is the percentof voters with children enrolled in private school. Means of the variables andregression results (with standard errors in parentheses) are presented below.Summary StatisticsVariableMean50.2%%YesIncome (in thousands of40.0dollars)CllChildren30%40%Private10%Results+ 0.5+ 0.5 Coll, +0.110- 0.8%Yes,Income,Children,Private,(2.0) (0.1)(0.2)(0.2)(0.3)Obs = 400 Explained S.S. = 400 Unexplained S.S = 100

Name: Hi, Based on the attachment:Suppose that in West Hartford median house
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Description: Hi, Based on the attachment:Suppose that in West Hartford median household income is $60,000, and all other characteristics are the same as the average district. What percent of voters would vote yes in West Hartford? Would a bond initiative pass? 4.

Introduction: The given regression equation is: %Yes = 10 + 0.5 Income + 0.5 Coll + 0.1 Children –…

Answered: 4. Spending on school renovations and…

MATLAB: An Introduction with Applications

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Author:Amos Gilat

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Hi, Based on the attachment:

Suppose that in West Hartford median household income is $60,000, and all other characteristics are the same as the average district. What percent of voters would vote yes in West Hartford? Would a bond initiative pass?

4.
Spending on school renovations and new construction is financed through local
bond elections. A bond initiative needs at least 50% approval (yes votes) in order
to pass. You are hired by the state of Connecticut to examine the determinants of
yes votes on local bond initiatives. To examine that issue, you estimate the
following model:
%Yes, = B, + B,Income, + B,Coll, + B,Children, + B, Private, + e,
where %Yes, is the % of voters in school district įwho vote in favor of a bond
issue, Income, is median household income in district i(measured in thousands of
dollars), Coll, is the percent of voters with a college degree or higher in district i,
Children, is the % of voters with school-age children and Private, is the percent
of voters with children enrolled in private school. Means of the variables and
regression results (with standard errors in parentheses) are presented below.
Summary Statistics
Variable
Mean
50.2%
%Yes
Income (in thousands of
40.0
dollars)
Cll
Children
30%
40%
Private
10%
Results
+ 0.5
+ 0.5 Coll, +0.1
10
- 0.8
%Yes,
Income,
Children,
Private,
(2.0) (0.1)
(0.2)
(0.2)
(0.3)
Obs = 400 Explained S.S. = 400 Unexplained S.S = 100

Definition Definition Middle value of a data set. The median divides a data set into two halves, and it also called the 50th percentile. The median is much less affected by outliers and skewed data than the mean. If the number of elements in a dataset is odd, then the middlemost element of the data arranged in ascending or descending order is the median. If the number of elements in the dataset is even, the average of the two central elements of the arranged data is the median of the set. For example, if a dataset has five items—12, 13, 21, 27, 31—the median is the third item in ascending order, or 21. If a dataset has six items—12, 13, 21, 27, 31, 33—the median is the average of the third (21) and fourth (27) items. It is calculated as follows: (21 + 27) / 2 = 24.

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