**Using Stata for Regression Analysis in Economics**This guide explores using Stata for regression analysis, focusing on data from undergraduate economics students. The main regression equation is:\[ \text{final} = \beta_0 + \beta_1 \text{atndrte} + \beta_2 \text{hwrte} + \beta_3 \text{priGPA} + \beta_4 \text{ACT} \]**Variables:**- **final**: Final exam score (Mean = 25.88872)- **atndrte**: Percent of classes attended (Mean = 82.12166)- **hwrte**: Percent of homework turned in (Mean = 87.90801)- **priGPA**: Cumulative GPA prior to the term (Mean = 2.59182)- **ACT**: ACT score (Mean = 22.47774)**Stata Output Summary:**- **Observations**: 674- **Degrees of Freedom**: Model (4), Residual (669), Total (673)- **Sum of Squares (SS) and Mean Square (MS)**: - Model SS: 3904.70776, MS: 773.676939 - Residual SS: 11299.9465, MS: 17.832506 - Total SS: 15024.6543, MS: 22.324895**Regression Coefficients:**- **atndrte**: Coef. = 0.0138725, Std. Err. = 0.006486, t = 2.137, P>|t| = 0.033, 95% Conf. Interval = (0.001153, 0.026592) - **hwrte**: Coef. = 0.0183476, Std. Err. = 0.010863, t = 1.689, P>|t| = 0.092, 95% Conf. Interval = (-0.003010, 0.039705) - **priGPA**: Coef. = 1.906347, Std. Err. = 0.3750236, t = 5.083, P>|t| < 0.001, 95% Conf. Interval = (1

It is given that Coef(priGPA) = 1.906347 S.E(priGPA) = 0.3750236

Answered: Calculate the test statistic…

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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Calculate the test statistic (t-statistic) for the hypothesis that B3 = 0.