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A researcher wants to determine the causal relationship among number of family members who are at least high school graduate (W), number of working family members (X), monthly gross income (Y), monthly expenditure (Z), and average monthly bank deposits (A). A random sample of 20 families was selected and the data on the variables were collected (see household.xslx). Consider the following path diagram: EY Y W A Z EA Ez Instructions: Use the variable notations in writing your answers. Conduct all tests at 5% level of significance. a. Identify the exogenous and endogenous variables. Exogenous: Endogenous: b. Set-up the structural equations.

A researcher wants to determine the causal relationship among number of family members who are at least high school graduate (W), number of working family members (X), monthly gross income (Y), monthly expenditure (Z), and average monthly bank deposits (A). A random sample of 20 families was selected and the data on the variables were collected (see household.xslx). Consider the following path diagram: EY Y W A Z EA Ez Instructions: Use the variable notations in writing your answers. Conduct all tests at 5% level of significance. a. Identify the exogenous and endogenous variables. Exogenous: Endogenous: b. Set-up the structural equations.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A researcher wants to determine the causal relationship among number of family members who are at least high school graduate (W), number of working family members (X), monthly gross income (Y), monthly expenditure (Z), and average monthly bank deposits (A). A random sample of 20 families was selected and the data on the variables were collected (see household.xslx). Consider the following path diagram: EY Y W A EA Ez Instructions: Use the variable notations in writing your answers. Conduct all tests at 5% level of significance. a. Identify the exogenous and endogenous variables. Exogenous: Endogenous: b. Set-up the structural equations.
Transcribed Image Text:A researcher wants to determine the causal relationship among number of family members who are at least high school graduate (W), number of working family members (X), monthly gross income (Y), monthly expenditure (Z), and average monthly bank deposits (A). A random sample of 20 families was selected and the data on the variables were collected (see household.xslx). Consider the following path diagram: EY Y W A EA Ez Instructions: Use the variable notations in writing your answers. Conduct all tests at 5% level of significance. a. Identify the exogenous and endogenous variables. Exogenous: Endogenous: b. Set-up the structural equations.
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