It is argued that more time spent studying will result in improved course marks among ECO242 students. To te: whether this is the case you collect data from 30 students on their final marks (Y) and number of hours studie per week during the semester (X). You make the following calculations: ΣΧΥ137832 ΣΧ* 14964 632 ΣΧ ΣΥ 1650 Next, you run the following regression: marks-3₁ +3₂studyhours where 'marks' is the final mark for the course in percentage points, and 'studyhours' is the number of hours studied per week during the course semester. Answer the remaining questions based on your results. a) For the residuals derived from the above regression model, skewness =-0.9779 and kurtosis = 2.2552. Conduct the Jarque-Bera test of normality at a = 5. Ho Residuals are normally distributed. H₁ Residuals are not normally distributed. The JB test-statistic is given by b) They statistic is given by c) Since the JB statistic is (greater/smaller) Ho (can/cannot) than the x² statistic, be rejected. Therefore the (null/alternative) hypothesis is assumed. The residuals (are/are not) normally distributed.

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This is 1 question that has 3 sub-parts, please answer all from a-c

It is argued that more time spent studying will result in improved course marks among ECO242 students. To te:
whether this is the case you collect data from 30 students on their final marks (Y) and number of hours studie
per week during the semester (X). You make the following calculations:
ΙΣΧΥ 37832
ΣΧ14964
ΣΥ
ΣΥ 1650
632
Next, you run the following regression:
marks = 3₁ +3₂studyhours
where 'marks' is the final mark for the course in percentage points, and 'studyhours' is the number of hours
studied per week during the course semester. Answer the remaining questions based on your results.
a)
For the residuals derived from the above regression model, skewness =-0.9779 and kurtosis =
2.2552. Conduct the Jarque-Bera test of normality at a = 5.
Ho Residuals are normally distributed.
H₁
Residuals are not normally distributed.
The JB test-statistic is given by
=
=
b)
They statistic is given by
c)
Since the JB statistic is (greater/smaller)
Ho (can/cannot)
than the x² statistic,
be rejected. Therefore the (null/alternative)
hypothesis is assumed. The residuals (are/are not)
normally distributed.
Transcribed Image Text:It is argued that more time spent studying will result in improved course marks among ECO242 students. To te: whether this is the case you collect data from 30 students on their final marks (Y) and number of hours studie per week during the semester (X). You make the following calculations: ΙΣΧΥ 37832 ΣΧ14964 ΣΥ ΣΥ 1650 632 Next, you run the following regression: marks = 3₁ +3₂studyhours where 'marks' is the final mark for the course in percentage points, and 'studyhours' is the number of hours studied per week during the course semester. Answer the remaining questions based on your results. a) For the residuals derived from the above regression model, skewness =-0.9779 and kurtosis = 2.2552. Conduct the Jarque-Bera test of normality at a = 5. Ho Residuals are normally distributed. H₁ Residuals are not normally distributed. The JB test-statistic is given by = = b) They statistic is given by c) Since the JB statistic is (greater/smaller) Ho (can/cannot) than the x² statistic, be rejected. Therefore the (null/alternative) hypothesis is assumed. The residuals (are/are not) normally distributed.
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