Imagine we have the following structural model sind fnl= Bo + B₁ atndrte + B₂priGPA+ B₂ ACT + u where • stndfnl is the standardized outcome on a final exam, • atndrte is the percentage of classes attended, • priGPA is the prior college grade point average, and • ACT is the ACT score (like the SATS or kind of like an ATAR). We think atndrte is endogenous. But we also have a variable dist, the distance from the students' living quarters to the lecture hall. We will use dist as an IV. Which of the following is the correct first stage equation? O dist+atndrte + priGPA+& ACT+ O atndrte & + & dist+v O dist=&+&atndrte + v O atndrte & + & dist+priGPA+ ACT+

Imagine we have the following structural model sind fnl= Bo + B₁ atndrte + B₂priGPA+ B₂ ACT + u where • stndfnl is the standardized outcome on a final exam, • atndrte is the percentage of classes attended, • priGPA is the prior college grade point average, and • ACT is the ACT score (like the SATS or kind of like an ATAR). We think atndrte is endogenous. But we also have a variable dist, the distance from the students' living quarters to the lecture hall. We will use dist as an IV. Which of the following is the correct first stage equation? O dist+atndrte + priGPA+& ACT+ O atndrte & + & dist+v O dist=&+&atndrte + v O atndrte & + & dist+priGPA+ ACT+

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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