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Consider the results in Table 2. Compute the 99% confidence interval for hhinc

Consider the results in Table 2. Compute the 99% confidence interval for hhinc

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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 Consider the results in Table 2. Compute the 99% confidence interval for hhinc

The questions below are based on a dataset containing the characteristics of 5,407 households. In particular, we will use the following variables: - size: home size, measured in square feet. - hhinc: annual household net income, measured in euros. - owner. dummy variable equal to 1 if the living space is owned, and 0 if the living space is rented. - hhsize1: dummy variable equal to 1 if the number of household's members is 1 or 2, and 0 otherwise. hhsize2: dummy variable equal to 1 if the number of household's members is 3 or 4, and 0 otherwise. hhsize3: dummy variable equal to 1 if the number of household's members is 5 or above 5, and 0 otherwise. - edu: education level of household's members. The Appendix contains tables with the critical values of the standard normal distribution and the F distribution.
Transcribed Image Text:The questions below are based on a dataset containing the characteristics of 5,407 households. In particular, we will use the following variables: - size: home size, measured in square feet. - hhinc: annual household net income, measured in euros. - owner. dummy variable equal to 1 if the living space is owned, and 0 if the living space is rented. - hhsize1: dummy variable equal to 1 if the number of household's members is 1 or 2, and 0 otherwise. hhsize2: dummy variable equal to 1 if the number of household's members is 3 or 4, and 0 otherwise. hhsize3: dummy variable equal to 1 if the number of household's members is 5 or above 5, and 0 otherwise. - edu: education level of household's members. The Appendix contains tables with the critical values of the standard normal distribution and the F distribution.
Table 2 · regress size hhinc, robust Linear regression Number of obs 5,407 F(1, 5405) 134.25 Prob > F 0.0000 R-squared 0.2299 Root MSE 403.86 Robust size Coefficient std. err. t P>|t| [95% conf. intervall hhinc .0082545 .0007124 11.59 „cons 800.9835 25.72644 31.13
Transcribed Image Text:Table 2 · regress size hhinc, robust Linear regression Number of obs 5,407 F(1, 5405) 134.25 Prob > F 0.0000 R-squared 0.2299 Root MSE 403.86 Robust size Coefficient std. err. t P>|t| [95% conf. intervall hhinc .0082545 .0007124 11.59 „cons 800.9835 25.72644 31.13
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