ng 50 observations, the following regression output is obtained from estimating y = 60 + 61x + 82d1 + 63d2 + E. Standard Coefficients -0.75 t Stat -2.50 P-value 0.0160 Error Intercept 0.30 2.86 1.10 2.60 0.0125 d1 d2 -13.60 16.00 -0.85 0.3997 5.70 1.50 3.80 0.0004 .Compute or x= 265, d 1, and d2 = 0; compute for x= 265, d, = 0, and d2 = 1. (Round your answers to 2 decimal places.) x = 265, di = 1 and d2 = 0 x = 265, d, = 0 and d, = 1 b-1. Interpret d, and d,. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes le with a question mark will be automatically graded as incorrect.) 2 When da =1, ŷ is 13.60 units greater than when di = 0, holding everything else constant. ? When d2 =1, ŷ is 5.70 units greater than when d2 - e, holding everything else constant. 7When da - 1, ŷ is 13.60 units less than when d 0, holding everything else constant. 7 When d2 - 1, ý is 5.70 units less when d2 - 0, holding everything else constant. b-2. Are both dummy variables individually significant at the 5% level?

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Using 50 observations, the following regression output is obtained from estimating y = 6g + 61x + 62d1 + 63dz + a.
Standard
Coefficients
-0.75
2.86
-13.60
Error
0.30
1.10
t Stat
-2.50
2.60
P-value
0.0160
0.0125
Intercept
16.00
-0.85
0.3997
d2
1.50
3.80
0.0004
5.70
a. Compute
for x= 265, d
1, and d, = 0; compute
for x 265, d1 = 0, and d, = 1. (Round your answers to 2 decimal places.)
!!
= 1 and d,
265, d1
265, d = 0 and d, = 1
b-1. Interpret d, and d2. (You may select more than one answer. Single click the box with the question mark to produce a check
mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left
with a question mark will be automatically graded as incorrect.)
?When d = 1, ý is 13.60 units greater than when d1
e, holding everything else constant.
?When d2 = 1, ŷ is 5.70 units greater than when d2
e, holding everything else constant.
?When d = 1, ŷ is 13.60 units less than when d1
0, holding everything else constant.
? When d2
1, ŷ is 5.70 units less when d2 = 0, holding everything else constant.
%3D
%3D
b-2. Are both dummy variables individually significant at the 5% level?
O No, only the dummy variable d2 is significant at 5% level.
O Yes, both dummy variables are individually significant at the 5% level.
O No, none of the dummy variables are individually significant at 5% level.
O No, only the dummy variable d is significant at 5% level.
Transcribed Image Text:Using 50 observations, the following regression output is obtained from estimating y = 6g + 61x + 62d1 + 63dz + a. Standard Coefficients -0.75 2.86 -13.60 Error 0.30 1.10 t Stat -2.50 2.60 P-value 0.0160 0.0125 Intercept 16.00 -0.85 0.3997 d2 1.50 3.80 0.0004 5.70 a. Compute for x= 265, d 1, and d, = 0; compute for x 265, d1 = 0, and d, = 1. (Round your answers to 2 decimal places.) !! = 1 and d, 265, d1 265, d = 0 and d, = 1 b-1. Interpret d, and d2. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ?When d = 1, ý is 13.60 units greater than when d1 e, holding everything else constant. ?When d2 = 1, ŷ is 5.70 units greater than when d2 e, holding everything else constant. ?When d = 1, ŷ is 13.60 units less than when d1 0, holding everything else constant. ? When d2 1, ŷ is 5.70 units less when d2 = 0, holding everything else constant. %3D %3D b-2. Are both dummy variables individually significant at the 5% level? O No, only the dummy variable d2 is significant at 5% level. O Yes, both dummy variables are individually significant at the 5% level. O No, none of the dummy variables are individually significant at 5% level. O No, only the dummy variable d is significant at 5% level.
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