6. Professor Worth has analyzed midterm exam scores of students enrolled in his introductory economics course, using data on each student. He has obtained the following regression results: 0.67 + 0.14 SÁT + 0.21 STUDY + 0.07 [STUDY×SAT] + e (0.22) (0.03) SCORE (0.08) (0.02) where entries in parentheses are the standard errors of the parameter estimates immediately above them; SAT the student's SAT score, measured in units of 100 (so a score of 600 has an SAT value of 6, etc.); STUDY = hours that the student spent studying for the midterm; SCORE = the student's score on the midterm; and e = error term. (Note that [STUDY×SAT] is the product of the variables STUDY and SAT.) Ignore possible omitted-variable bias. With this as background, explain what these results tell us about student performance. (Be sure to discuss each of the individual regression coefficients in the above results.)

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
Question
6. Professor Worth has analyzed midterm exam scores of students enrolled in his introductory
economics course, using data on each student. He has obtained the following regression results:
0.67 + 0.14 SÁT + 0.21 STUDY + 0.07 [STUDY×SAT] + e
(0.22) (0.03)
SCORE
(0.08)
(0.02)
where entries in parentheses are the standard errors of the parameter estimates immediately above them;
SAT
the student's SAT score, measured in units of 100 (so a score of 600 has an SAT value of 6, etc.);
STUDY = hours that the student spent studying for the midterm; SCORE = the student's score on the
midterm; and e = error term. (Note that [STUDY×SAT] is the product of the variables STUDY and
SAT.) Ignore possible omitted-variable bias. With this as background, explain what these results tell us
about student performance. (Be sure to discuss each of the individual regression coefficients in the above
results.)
Transcribed Image Text:6. Professor Worth has analyzed midterm exam scores of students enrolled in his introductory economics course, using data on each student. He has obtained the following regression results: 0.67 + 0.14 SÁT + 0.21 STUDY + 0.07 [STUDY×SAT] + e (0.22) (0.03) SCORE (0.08) (0.02) where entries in parentheses are the standard errors of the parameter estimates immediately above them; SAT the student's SAT score, measured in units of 100 (so a score of 600 has an SAT value of 6, etc.); STUDY = hours that the student spent studying for the midterm; SCORE = the student's score on the midterm; and e = error term. (Note that [STUDY×SAT] is the product of the variables STUDY and SAT.) Ignore possible omitted-variable bias. With this as background, explain what these results tell us about student performance. (Be sure to discuss each of the individual regression coefficients in the above results.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
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