Let edu denote years of education, exper years of experience, wage denote wages measured in dollars per hour, and assume that the following model is correct:wage = B1 + B2edu + ewhere E[eledu, exper] = 0 and the error e is homoskedastic, so that Var(e|edu, exper) =Consider two regressions: (I) A first regression estimates the given model (denote those estimates by b1, b2); (I) A second regression also adds exper as a regressor -- i.e.estimates wage = ß1 + Bzedu + ßzexper + e (denote those estimates by b1, b2, b3). Which of the following statements is true?O a.The estimator b2 may be biased (i.e. we may have E[b2] # B2).O b. If wage and exper are positively correlated, then E[b3] > 0.O c. Var(b2) depends on the correlation between exper and edu (Hint: this is not asking the variance of b2.)O d. If Var(b2) = Var(b2), then the correlation between exper and edu must be zero.Oe.The correlation between wage and exper must be equal to zero.Clear my choice

Answered: Image /qna-images/answer/0a93ee7d-905b-4beb-b3d4-bb05313ae967.jpg

Answered: Let edu denote years of education,…

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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A regression was run to determine if there is a relationship between hours of TV watched per day (x) and number of situps a person can do (y). The results of the regression were: y=ax+b a=-1.271 b=39.101 ²-0.407044 r=-0.638 Assume the correlation is significant, and use this to predict the number of situps a person who watches 14 hours of TV can do (to one decimal place) Aft
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We collected teacher ratings for 25 courses taught by an instructor over a six-vear period. The students' ratings of the instructor are on a scale of 1 to 9. We found that The linear regression equation is: Average Rating = 7,88 -0.068 Numher of Students 1. Interpret the slope of this model including units: The average rating decreases per each additional student 0.068 ed teacher rating for a class size of 15 students using the given 7.88 prediction equation is Next page CS Scanned with CamScanner
The flow rate in a device used for air quality measurement depends on the pressure drop x (inches of water) across the device's filter. Suppose that for x values between 5 and 20, these two variables are related according to the simple linear regression model with true regression line y = -0.11 + 0.097x. (a.1) What is the true average flow rate for a pressure drop of 10 in.?(a.2) A drop of 15 in.?(b) What is the true average change in flow rate associated with a 1 inch increase in pressure drop?(c) What is the average change in flow rate when pressure drop decreases by 5 in.?
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Data from 147 colleges from 1995 to 2005 (Lee,2008) were tested to predict the endowments (in billions) to a college from the average SAT score of students attending the college. The resulting regression equation was Y = -20.46 + 4.06 (X). This regression indicates that: a. for every one-point increase in SAT scores, a college can expect 4.06 billion more in endowments. b. most colleges have very high endowments. c. for every one-point increase in SAT scores, a college can expect 20.46 billion fewer in endowments. d. for every one-dollar increase in endowments, the college can expect a half-point increase in SAT scores.
A regression was run to determine if there is a relationship between hours of TV watched per day (x) and number of situps a person can do (y).The results of the regression were:y=ax+b a=-0.982 b=31.084 r2=0.471969 r=-0.687 Use this to predict the number of situps a person who watches 13.5 hours of TV can do (to one decimal place)
Listed below are systolic blood pressure measurements (in mm Hg) obtained from the same woman. Find the regression equation, letting the right arm blood pressure be the predictor (x) variable. Find the best predicted systolic blood pressure in the left arm given that the systolic blood pressure in the right arm is 90 mm Hg. Use a significance level of 0.05. Right Arm 101 100 92 75 75 O Left Arm 174 167 181 149 147 Click the icon to view the critical values of the Pearson correlation coefficient r The regression equation is y = + x. (Round to one decimal place as needed.) Given that the systolic blood pressure in the right arm is 90 mm Hg, the best predicted systolic blood pressure in the left arm is mm Hg. (Round to one decimal place as needed.)
Listed below are systolic blood pressure measurements (in mm Hg) obtained from the same woman. Find the regression equation, letting the right arm blood pressure be the predictor (x) variable. Find the best predicted systolic blood pressure in the left arm given that the systolic blood pressure in the right arm is 80 mm Hg. Use a significance level of 0.05. Right Arm 100 99 93 77 77 Q Left Arm 174 168 148 148 146 Click the icon to view the critical values of the Pearson correlation coefficient r The regression equation is ŷ=+x. (Round to one decimal place as needed.) mm Hg. Given that the systolic blood pressure in the right arm is 80 mm Hg, the best predicted systolic blood pressure in the left arm is (Round to one decimal place as needed.) Data table Critical Values of the Pearson Correlation Coefficient r α = 0.05 α = 0.01 0.950 0.990 0.959 0.878 0.811 0.917 0.754 0.875 0.707 0.834 0.666 0.798 0.632 0.765 0.602 0.735 0.576 0.708 0.553 0.684 0.532 0.661 0.514 0.641 0.497 0.623 0.482…
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B b. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? The scatter diagram indicates a positive linear relationship between a = average number of passing yar and y = the percentage of games won by the team. c. Develop the estimated regression equation that could be used to predict the percentage of games won given the avera passing yards per attempt. Enter negative value as negative number. WinPct =| |)(Yds/Att) (to 4 decimals) d. Provide an interpretation for the slope of the estimated regression equation (to 1 decimal). The slope of the estimated regression line is approximately So, for every increase : of one yar number of passes per attempt, the percentage of games won by the team increases by %. e. For the 2011 season, the average number of passing yards per attempt for the Kansas City Chiefs was was 5.5. Use th regression equation developed in part (c) to predict the percentage of games won by the Kansas City Chiefs.…

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