A multiple regression analysis based on 20 data points yielded the following fitted mode.Y = 3 + 5(X1) +1.0(X2)Y = Starting salary of college graduates (in thousand dollars).X1= GPAX2= 0 if Male. 1 if FemaleInterpret the regression coefficient of the dummy variable.

Here dummy variable is X2 which defines gender of the student, 0 for male and 1for female. Here…

Answered: A multiple regression analysis based on…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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A researcher interested in explaining the level of foreign reserves for the country of Barbados estimated the following multiple regression model using yearly data spanning the period 2001 to 2016: FR=a+BOIL+yEXP+8FDI Where FR = yearly foreign reserves ($000's), OIL = annual oil prices, EXP = yearly total exports ($000's) and FDI = annual foreign direct investment ($000's). The sample of data was processed using MINITAB and the following is an extract of the output obtained: Predictor Сoef StDev t-ratio p-value Constant 5491.38 2508.81 2.1888 0.0491 OIL 85.39 18.46 4.626 0.0006 EXP -377.08 112.19 0.0057 FDI -396.99 160.66 -2.471 ** S = 2.45 R-sq 96.3% R-sq (adj) 95.3% Analysis of Variance Source DF MS F Regression 1991.31 663.77 ?? Error 12 77.4 6.45 Total 15 a) What is dependent and independent variables? b) Fully write out the regression equation c) Fill in the missing values *', ***', '?'and ??' d) Hence test whether B is significant. Give reasons for your answer. e) Perform the F…
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A multiple regression analysis based on 20 data points yielded the following fitted mode. Y = 3 + 5(X1) +1.0(X2) Y = Starting salary of college graduates (in thousand dollars). X1= GPA X2= 0 if Male. 1 if Female Interpret the regression coefficient of the dummy variable.