Consider the accompanying set of dependent and independent variables. The variable x, is qualitative with M=Male and F = Female. Complete parts a and b below. Click the icon to view the set of variables. Variables a. Using technology, construct a regression model using all three independent variables. (Let variable Gender be the dummy variable for x3. Assign a 1 to a male.) Complete the regression equation for the model below, where x3 represents the dummy variable Gender. + 13.723 (1.039)x+(-0.339)x+(-0.051)x3 (Round to three decimal places as needed.) b. Interpret the meaning of each of the regression coefficients. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to three decimal places as needed.) OA. Increasing x by 1 unit increases y by an average of OB. Increasing x by 1 unit increases y by an average of OC. Increasing x, by 1 unit increases y by an average of units. Increasing x₂ by 1 unit decreases y by an average of units. Increasing x2 by 1 unit decreases y by an average of units. Increasing x₂ by 1 unit decreases y by an average of units. Females increase y by an average of units when compared with males. units. Males decrease y by an average of units when compared with females. units. Increasing x by 1 unit decreases y by an average of units. 0 y 16 15 17 20 24 28 34 x 1 5 5 9 7 12 15 21 x2 17 11 13 11 2 7 7 4 M M F M F M F Print Done
Consider the accompanying set of dependent and independent variables. The variable x, is qualitative with M=Male and F = Female. Complete parts a and b below. Click the icon to view the set of variables. Variables a. Using technology, construct a regression model using all three independent variables. (Let variable Gender be the dummy variable for x3. Assign a 1 to a male.) Complete the regression equation for the model below, where x3 represents the dummy variable Gender. + 13.723 (1.039)x+(-0.339)x+(-0.051)x3 (Round to three decimal places as needed.) b. Interpret the meaning of each of the regression coefficients. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to three decimal places as needed.) OA. Increasing x by 1 unit increases y by an average of OB. Increasing x by 1 unit increases y by an average of OC. Increasing x, by 1 unit increases y by an average of units. Increasing x₂ by 1 unit decreases y by an average of units. Increasing x2 by 1 unit decreases y by an average of units. Increasing x₂ by 1 unit decreases y by an average of units. Females increase y by an average of units when compared with males. units. Males decrease y by an average of units when compared with females. units. Increasing x by 1 unit decreases y by an average of units. 0 y 16 15 17 20 24 28 34 x 1 5 5 9 7 12 15 21 x2 17 11 13 11 2 7 7 4 M M F M F M F Print Done
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is answer for question b)
Transcribed Image Text:Consider the accompanying set of dependent and independent variables. The variable x, is qualitative with M=Male and F = Female. Complete parts a and b below.
Click the icon to view the set of variables.
Variables
a. Using technology, construct a regression model using all three independent variables. (Let variable Gender be the dummy variable for x3. Assign a 1 to a male.)
Complete the regression equation for the model below, where x3 represents the dummy variable Gender.
+
13.723 (1.039)x+(-0.339)x+(-0.051)x3
(Round to three decimal places as needed.)
b. Interpret the meaning of each of the regression coefficients. Select the correct choice below and fill in the answer boxes to complete your choice.
(Round to three decimal places as needed.)
OA. Increasing x by 1 unit increases y by an average of
OB. Increasing x by 1 unit increases y by an average of
OC. Increasing x, by 1 unit increases y by an average of
units. Increasing x₂ by 1 unit decreases y by an average of
units. Increasing x2 by 1 unit decreases y by an average of
units. Increasing x₂ by 1 unit decreases y by an average of
units. Females increase y by an average of
units when compared with males.
units. Males decrease y by an average of units when compared with females.
units. Increasing x by 1 unit decreases y by an average of units.
0
y
16
15
17
20
24 28 34
x
1
5
5
9
7
12 15 21
x2
17
11 13 11
2
7
7
4
M
M
F
M
F
M
F
Print
Done
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