After studying the milk yields of a randomly selected sample of 900 cows, researchers felt that the presence of white spots (WS;) on a cow's body led to a different level of milk production (MP;). The researchers estimate the OLS regression: where WS; is a binary variable of the form: WS; = MP: 5.84 +0.12x WS₁, (2.23) (0.06) 1, if the th cow has white spots O, if the th cow doesn't have white spots The 95% confidence interval for the coefficient ß₁ is (■, ■). (Round your answers to four decimal places.)

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After studying the milk yields of a randomly selected sample of 900 cows, researchers felt that the presence of white
spots (WS;) on a cow's body led to a different level of milk production (MP;). The researchers estimate the
OLS regression:
where WS; is a binary variable of the form:
WS;=
MP;=5.84 +0.12×WS₁,
(2.23) (0.06)
1, if the th cow has white spots
O, if the th cow doesn't have white spots
The 95% confidence interval for the coefficient B₁ is (,).
(Round your answers to four decimal places.)
Transcribed Image Text:After studying the milk yields of a randomly selected sample of 900 cows, researchers felt that the presence of white spots (WS;) on a cow's body led to a different level of milk production (MP;). The researchers estimate the OLS regression: where WS; is a binary variable of the form: WS;= MP;=5.84 +0.12×WS₁, (2.23) (0.06) 1, if the th cow has white spots O, if the th cow doesn't have white spots The 95% confidence interval for the coefficient B₁ is (,). (Round your answers to four decimal places.)
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