Homework Help is Here – Start Your Trial Now!
Math
Statistics
An estimated equation for the ctange in the price of a house as a function of its distance from a city center produced the tole with standard errors in parenthesis: AFRICE-5 DIST+ 2 DIST (0,5) (0.2) N 100. R 30, cou (b, by)=-0,1. a 95% interval for the marginal effect of DIST on APRICE when DIST-3 O668. 10.332)

An estimated equation for the ctange in the price of a house as a function of its distance from a city center produced the tole with standard errors in parenthesis: AFRICE-5 DIST+ 2 DIST (0,5) (0.2) N 100. R 30, cou (b, by)=-0,1. a 95% interval for the marginal effect of DIST on APRICE when DIST-3 O668. 10.332)

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
See similar textbooks
icon
Related questions
Question
An estimated equation for the change in the price of a house as a function of its distance from a city center produced the tollowing rmults with standard errors in parenthesis: 5 DIST+ 2 DIST (0.5) APRICE- (0.2) N- 100. R -30, cou (by, by) = -0.1. a 95% interval for the marginal effect of DIST an APRICE when DIST-3 O 668. 10.332) 0(4.743, 9.2569) ONone of the above O(1.5189, 12.4811) O (5.628, 8.372)
Transcribed Image Text:An estimated equation for the change in the price of a house as a function of its distance from a city center produced the tollowing rmults with standard errors in parenthesis: 5 DIST+ 2 DIST (0.5) APRICE- (0.2) N- 100. R -30, cou (by, by) = -0.1. a 95% interval for the marginal effect of DIST an APRICE when DIST-3 O 668. 10.332) 0(4.743, 9.2569) ONone of the above O(1.5189, 12.4811) O (5.628, 8.372)
Expert Solution
Step 1

From the given information,

∆PRICE^=-5DIST+2DIST2

N=100R2=0.30cov^b2,b3=-0.1

Given that DIST=3

Consider,

E∆PRICE^=-5DIST+2DIST2                      =-5*3+2*32                     =-15+18                     =3

V∆PRICE^=Vb2DIST+b3DIST2                      =Dist2Vb2+Dist4Vb3+2Dist3Covb2, b3                      =32*0.52+34*0.22+2*33*-0.1                      =0.09

 

 

 

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
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
SEE MORE TEXTBOOKS