In this exercise, you will use these data to investigate the relationship between the number of completed years of education for young adults and the distance from each student's high school to the nearest four-year college. (Proximity lowers the cost of education, so that students who live closer to a four-year college should, on average, complete more years of higher education.) The following table contains data from a random sample of high school seniors interviewed in 1980 and re-interviewed in 1986. Download the data from the table by clicking the download table icon. A detailed description of the variables used in the dataset is available here i . Use a statistical package of your choice to answer the following questions. Suppose you are interested in estimating the following model ED = Po + B₁ Dist + u Run a regression of years of completed education (ED) on distance to the nearest college (Dist), where Dist is measured in tens of miles. (For example, Dist = 2 means that the distance is 20 miles). What is the estimated intercept Bo? The estimated intercept ẞo is (Round your response to three decimal places)
In this exercise, you will use these data to investigate the relationship between the number of completed years of education for young adults and the distance from each student's high school to the nearest four-year college. (Proximity lowers the cost of education, so that students who live closer to a four-year college should, on average, complete more years of higher education.) The following table contains data from a random sample of high school seniors interviewed in 1980 and re-interviewed in 1986. Download the data from the table by clicking the download table icon. A detailed description of the variables used in the dataset is available here i . Use a statistical package of your choice to answer the following questions. Suppose you are interested in estimating the following model ED = Po + B₁ Dist + u Run a regression of years of completed education (ED) on distance to the nearest college (Dist), where Dist is measured in tens of miles. (For example, Dist = 2 means that the distance is 20 miles). What is the estimated intercept Bo? The estimated intercept ẞo is (Round your response to three decimal places)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
these are the dataset
College Distance,
Dist,Ed
0.7,12
2.2,12
0.3,16
0,12
3.6,12
1,14
0.1,15
0.5,14
0.3,16
0.4,12
1,12
7.5,12
0.5,12
1.8,12
2.5,14
1.7,16
0.5,16
1,12
0.5,15
3,16
3.6,13
5,16
2,12
0.3,12
3,12
1.3,14
0.5,16
3.5,16
2,15
3.2,12
0.7,13
0.5,13
0.7,13
0.3,12
1,12
1.5,12
1.2,16
6.5,12
0.7,13
5,15
2.5,15
0.1,16
0,16
1,12
0.5,13
0.2,16
0.4,13
2.6,15
1,13
0.3,12
0.5,15
0.5,17
1.5,17
4,12
4,14
0,13
1.5,12
0.1,12
2,12
0.3,16
0.1,14
4,16
3,12
2.2,12
0.1,12
0.7,15
0.3,15
3.3,15
0.1,13
0.7,15
3.5,12
2.6,12
5,15
7,12
0.8,12
0.3,15
0.8,13
0.5,12
0.5,15
0.8,13
1.5,12
0.3,12
0.3,15
15,16
4.5,14
2.5,13
1.1,12
1.5,12
0.3,17
0,12
0.1,17
4,12
5.6,12
4.5,13
0.2,15
2.5,12
16,12
0.5,13
0.2,12
2,16
Transcribed Image Text:In this exercise, you will use these data to investigate the relationship between the number of completed years
of education for young adults and the distance from each student's high school to the nearest four-year
college. (Proximity lowers the cost of education, so that students who live closer to a four-year college should,
on average, complete more years of higher education.)
The following table contains data from a random sample of high school seniors interviewed in 1980
and re-interviewed in 1986. Download the data from the table by clicking the download table icon. A
detailed description of the variables used in the dataset is available here i . Use a statistical package of your
choice to answer the following questions.
Suppose you are interested in estimating the following model
ED = Po + B₁ Dist + u
Run a regression of years of completed education (ED) on distance to the nearest college (Dist), where Dist is
measured in tens of miles. (For example, Dist = 2 means that the distance is 20 miles).
What is the estimated intercept Bo?
The estimated intercept ẞo is
(Round your response to three decimal places)
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